12175 Colonial DrWinter Garden, FL 34787
- Retail properties
- 8,854 SF
Property Details for 12175 Colonial Dr
- Year built
- 2017
- Lot size
- 1.25 AC
- Property size (Sq ft)
- 8,854 SF
- Zone code
- C-2
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 24-22-27-0161-02-000
- APU
- 242227016102000
Description
Exceptional investment opportunity in Winter Garden, Florida, presents a 7,234 square foot Miller's Ale House situated on a 1.22-acre lot at 12175 W Colonial Dr, 34787. This single-tenant, net lease property boasts a strong 6.00% cap rate and a substantial NOI of $186,850, reflecting a robust annual rent of $3,114,000. The property benefits from a corporate guarantee, ensuring financial stability. The lease is structured as a long-term absolute NNN ground lease with built-in rent bumps of 10% every five years, providing consistent income growth. Four, five-year lease options further enhance the investment's longevity. This prime location on West Colonial Drive, near FL-429 and the Florida Turnpike, enjoys high visibility and accessibility, with over 200,000 vehicles passing daily. The affluent Winter Garden community, part of the Orlando metropolitan area, offers an average household income exceeding $108,549 within a three-mile radius, supporting the restaurant's impressive sales exceeding $7 million and a low 2.7% rent-to-sales ratio. This passive ownership opportunity presents a compelling combination of strong financial performance, secure tenancy, and significant long-term growth potential. 100% occupancy ensures immediate cash flow.
Location Insight
- City
- Winter Garden
- County
- Orange
- State
- Florida
- Latitude
- 28.5519
- Longitude
- -81.5612
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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