FOR SALE RETAIL NET LEASED INVESTMENT...S i o l e E x r a y ORANGE CO. SEMINOLE CO. Park A ve....
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FOR SALE RETAIL NET LEASED INVESTMENT 7008 WEST COLONIAL DRIVE ORLANDO, FLORIDA 32818
Transcript of FOR SALE RETAIL NET LEASED INVESTMENT...S i o l e E x r a y ORANGE CO. SEMINOLE CO. Park A ve....
FOR SALE RETAIL NET LEASED INVESTMENT 7008 WEST COLONIAL DRIVE ORLANDO, FLORIDA 32818
PROPERTY OVERVIEW
• National retail tenant - this location has been open since 1992
• NN lease - Landlord is responsible for roof and structure only
• Shadow outparcel to West Colonial Oaks Center, anchored by: � Home Depot � Office Depot/Office Max � Fancy Fruit and Produce
• Located in the center of retail corridor
• High-traffic corner:
� West Colonial Drive - 42,594 AADT
� Hiawassee Road - 34,086 AADT
Sale Price: $2,650,000
NET-LEASED INVESTMENT PROPERTY
Property Details
Building Size 6,840± SF
Lot Size 42,000± SF (0.96± acres)
Parcel ID 26-22-28-9155-00-061
County Orange
Zoning P-D
Financial Summary
Lease Expiration June 30, 2022
Lease Option (1) 5-Year through June 2027
NOI / Cap Rate $174,856 / 6.6%
Rent PSF $25.56
TENANT OVERVIEW
• Parent company of Visionworks
• Highmark Health and its subsidiaries and affiliates comprise a national health and wellness organization that employs more than 40,000 people and serves millions of Americans in all 50 states and the District of Columbia
• By revenue, Highmark Health is the second largest integrated delivery and financing system (IDFS) in America
• The organization includes businesses in health insurance, health care delivery, post-acute management solutions, retail eyewear and eye care services, dental solutions, health risk solutions, and innovative, technology-based solutions
• 2017 Consolidated Revenues: $18.3 billion
• Visionworks is a leading provider of eye care services in the US with 700+ locations in 40 states
• All stores include: � Doctor of Optometry (in-store or next to) � Over 1,500 frames for a wide variety of
choice � Contact lens dispensing � Free lifetime cleaning and adjustments
• Robotics and state-of-the-art optical-processing equipment are used to produce high-quality lenses and eyewear
Seminole Expressway
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SITE
CONVENIENT TO ALL OF METRO ORLANDO
HIGH-TRAFFIC CORNER LOCATIONN
LOCATED IN RETAIL AND RESIDENTIAL CORRIDORDemographics
1 Mile 3 Miles 5 Miles
Population 17,494 133,999 274,685
Employees 4,067 27,563 96,127
Average HH Income $48,834 $55,085 $62,595
Pop Growth 2018-23 10.22% 10.27% 10.16%
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For additional information,please contact:
MATTHEW [email protected]
DAMIEN [email protected]
LINCOLN PROPERTY COMPANY111 North Magnolia AvenueSuite 1500Orlando, Florida 32801
LPCsoutheast.com
WE MAKE THINGS HAPPEN.
