For Sale
$2,300,000

6013 Colonial Dr Orlando, FL 32807

High-Cap Rate Retail Sale-Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 9,377 square foot storefront property, located at 6013 East Colonial Drive in Orlando, Florida, presents a compelling investment opportunity. The property boasts a strong 8.40% cap rate and a current NOI of $193,200. The building comprises 3,854 square feet of retail space and 5,523 square feet of warehouse space, recently renovated in 2017. Situated on a 0.5-acre lot, the property benefits from over 200 feet of frontage on East Colonial Drive, a high-traffic area with over 40,000 cars passing daily. Adding to its appeal is a consistent annual billboard revenue of $12,217. Currently operating at 100% occupancy with a single tenant under a NNN lease, the sale includes a one-year sale-leaseback agreement. The seller is motivated to sell due to the need for a larger facility to accommodate business expansion. The property is zoned C-1 and C-2, offering flexibility for future uses. The asking price is $2,300,000, translating to a price per square foot of $245.28. This is a rare opportunity to acquire a high-performing retail property in a prime Orlando location with significant upside potential. The property features one grade-level door for convenient access.

Highlights

  • 8% cap rate, one-year sale-leaseback.

Property Details for 6013 Colonial Dr

Property type
Retail properties, Retail space
Square Feet
9,377 SF
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5609218
Longitude
-81.3065447

FAQs

What type of property is this?
Retail property - High-Cap Rate Retail Sale-Leaseback
Where is the retail property located?
The property is located at 6013 Colonial Dr Orlando, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8% cap rate, one-year sale-leaseback.; ;
How can I contact the broker?
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6013 Colonial Dr
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