10039 Orange AveOrlando, FL 32824

Property Details for 10039 Orange Ave

Year built

2020

Lot size

1.01 AC

Property size (Sq ft)

4,004 SF

Zone code

PD

Property type

Retail properties

Property subtype

Retail space

APN

12-24-29-0063-03-000

APU

122429006303000

Description

This exceptional investment opportunity presents a 3,662 square foot, free-standing retail building housing a Dunkin' and Domino's Pizza in Orlando, Florida. The property boasts a brand new 15-year absolute triple-net (NNN) lease, commencing July 1, 2023, and expiring June 30, 2038, with a remaining term of 13.6 years. The lease includes attractive 8% rent bumps every five years, ensuring consistent income growth. Located at 10039 S Orange Ave, Orlando, FL 32824, this prime location benefits from high traffic counts (49,000 vehicles daily) at the corner of South Orange Avenue and Tradeport Drive. The property is strategically positioned within 15 minutes of Orlando International Airport and enjoys proximity to major attractions like Walt Disney World and other Orlando theme parks. The strong demographics are highlighted by a five-mile radius boasting over 156,476 residents, with projected growth exceeding seven percent in the next five years, and an average household income exceeding $74,000. The property sits on a 1.01-acre lot and was built in 2020. With a 5.00% cap rate and a Net Operating Income (NOI) of $165,973, this is a compelling investment opportunity with significant upside potential. The property's exceptional location, strong tenants, and favorable lease terms make it an ideal addition to any portfolio. The asking price is $3,319,500, representing a price per square foot of $906.47. The property is currently 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $1,617,676

  6.5%

  $1,493,240

  7%

  $1,386,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,584,445

  Geo Method

  $1,584,445

• Alternative Use

  Use

  Valuation

  Residential

  $1,259,604

  Hospitality

  $1,153,790

  Educational

  $959,940

  Medical

  $992,954

  Retail

  $1,493,240

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.42

Longitude

-81.3709

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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