13645 Colonial DrOrlando, FL 32826
- Retail properties
- 2,520 SF
Property Details for 13645 Colonial Dr
- Year built
- 2024
- Lot size
- 0.94 AC
- Property size (Sq ft)
- 2,520 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This offering presents a fee-simple interest in a newly constructed (2024) Pollo Campero quick-service restaurant located at 13645 E Colonial Dr, Orlando, FL 32826. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee, commencing May 17, 2024, and expiring June 1, 2039. Rent increases of 10% every five years ensure a growing income stream. The 2,520 square foot building sits on a 0.94-acre lot and includes a drive-thru and 31 parking spaces. The property enjoys 100% occupancy and generates a Net Operating Income (NOI) of $135,000, representing a 5.00% cap rate on the $2,700,000 asking price. Situated on a major retail corridor with over 56,000 vehicles per day, the location benefits from high visibility and accessibility. The surrounding area features strong demographics, including a population exceeding 209,000 within a five-mile radius and an average household income over $97,000. Nearby amenities include a new 296-unit apartment complex, Starbucks, and other major retailers such as Winn-Dixie, CVS, and Walgreens. Its proximity to the University of Central Florida (UCF) and the Central Florida Research Park further enhances its appeal. The property is zoned for Planned Development and has a total of one, single-story building. The APN is 23-22-31-1538-01-000. This investment offers long-term security and significant upside potential in a thriving Orlando market.
Location Insight
- City
- Orlando
- County
- Orange
- State
- Florida
- Latitude
- 28.5659
- Longitude
- -81.1856
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].