For Sale
For Sale
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Year Built
2018
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Overview
SECURE INCOME STREAM
• 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
• Rare 12% Rent Increases Every 5 Years
• New 2018 Construction with Drive-Thru
• Operated by Southern Star Management, Owner/Operator of Over 100 QSR’s (65+ Dunkin’s / 35+ Wendy’s)
• Personally Guaranteed by Owner of Southern Star Management
• Hard Corner Location, Highly Visible to 48,185 Cars/Day
• 263,497 Residents in Growing Trade Area
• Strong Daytime Population of 498,435 within 5-MilesSTRONG MARKET FUNDAMENTALS
• Strategically Positioned within ‘Millenia’, a 450-Acre Master Planned Development with 2.2M SF of Office, 3.5M SF of Retail/Restaurants and 1,100 Hotel Rooms
• Adjacent to Millenia Plaza, a 411,000 SF Power Center Anchored by Home Depot, BJ’s Wholesale Club and Dick’s Sporting Goods
• Just Off I-4 with 167,000 Cars/Day, Direct Access to Downtown Orlando (6 Miles)
• Minutes to Mall at Millenia, a 1.2M SF Luxury and Specialty Mall with Sales Exceeding $1,300/SF
• 4 Miles to Universal Studios with 16,500 Employees and 10M Annual Visitors
• Other National Retailers in the ‘Millenia’ Area Include IKEA, Super Target, Costco, Publix, Ross, Marshall’s and HomeGoods
• Orlando is the 3rd Largest MSA in Florida with 1.5M Residents and Largest Tourism Destination in the U.S. (75M Visitors in 2019)
Property Details
Dunkin' Donuts | UNDER CONTRACT
SECURE INCOME STREAM
• 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
• Rare 12% Rent Increases Every 5 Years
• New 2018 Construction with Drive-Thru
• Operated by Southern Star Management, Owner/Operator of Over 100 QSR’s (65+ Dunkin’s / 35+ Wendy’s)
• Personally Guaranteed by Owner of Southern Star Management
• Hard Corner Location, Highly Visible to 48,185 Cars/Day
• 263,497 Residents in Growing Trade Area
• Strong Daytime Population of 498,435 within 5-Miles
STRONG MARKET FUNDAMENTALS
• Strategically Positioned within ‘Millenia’, a 450-Acre Master Planned Development with 2.2M SF of Office, 3.5M SF of Retail/Restaurants and 1,100 Hotel Rooms
• Adjacent to Millenia Plaza, a 411,000 SF Power Center Anchored by Home Depot, BJ’s Wholesale Club and Dick’s Sporting Goods
• Just Off I-4 with 167,000 Cars/Day, Direct Access to Downtown Orlando (6 Miles)
• Minutes to Mall at Millenia, a 1.2M SF Luxury and Specialty Mall with Sales Exceeding $1,300/SF
• 4 Miles to Universal Studios with 16,500 Employees and 10M Annual Visitors
• Other National Retailers in the ‘Millenia’ Area Include IKEA, Super Target, Costco, Publix, Ross, Marshall’s and HomeGoods
• Orlando is the 3rd Largest MSA in Florida with 1.5M Residents and Largest Tourism Destination in the U.S. (75M Visitors in 2019)
- Property TypeRetail
- Submarket
- Year Built2018
- Sale Price$2,408,000
- Total Acres0.03
- Cap Rate5.0%
- Property ID2184510