12175 Colonial DrWinter Garden, FL 34787

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

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

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