Net-Leased Retail
For Sale
Contact for pricing
10615 East Colonial Drive, Orlando, FL 32817
A 4,723 SF net-leased retail dispensary offering tenant responsibility for taxes, insurance, and common area maintenance.
Property Size4,723 SF
Price / SF$463.08
Days on Market160
Property Features for 10615 East Colonial Drive
General Information
Standard status
Active
Size
4,723 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$169,503
Building Details
Year Built
1987
Year Renovated
2019
Tenancy
Single
Listing Agency:
Sands Investment Group - FTL
Listed By:
Jacob Strahler · License #FL SL3483641
Source:
Crexi
Added: May 16
Changed: Oct 21
Last Checked: Oct 20 at 6:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group - FTL
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Investment Insights
Based on property information with market context.
This offering includes a 4,723 SF net-leased retail dispensary occupied by an established tenant. The property is structured under a Triple Net (NNN) lease arrangement, with the tenant responsible for taxes, insurance, and common area maintenance.
The asset is located at 10615 East Colonial Drive in Orlando, Florida, and is being marketed for sale by Sands Investment Group.
As presented, the landlord’s responsibilities are minimized through the NNN structure, with the tenant handling the ongoing operating cost categories listed in the lease terms.
The asset is located at 10615 East Colonial Drive in Orlando, Florida, and is being marketed for sale by Sands Investment Group.
As presented, the landlord’s responsibilities are minimized through the NNN structure, with the tenant handling the ongoing operating cost categories listed in the lease terms.
Key Highlights
- 4,723 SF net‑leased Mint Cannabis dispensary at 10615 E Colonial Drive, Orlando, FL
- Triple Net (NNN) lease structure: tenant responsible for taxes, insurance, and common area maintenance
- Includes an established tenant in the cannabis/dispensary industry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,745
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,854,900
$1.9M
Cap Rate 7%
$1,324,929
$1.3M
Cap Rate 9%
$1,030,500
$1.0M
Market Conditions
NOI Build-Up for 4,723 SF
Gross rent
$137.2K $29.04/SF
− Vacancy
−$4.7K −$0.99/SF
EGI
$132.5K $28.05/SF
− OpEx
−$39.7K −$8.42/SF
NOI
$92.7K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,854,900
Cap Rate 7%
$1,324,929
Cap Rate 9%
$1,030,500
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.55M
NOI $92,745 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,501 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
213k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 31%
Groceries 18%
Home Improvements & Furnishings 9%
McDonald's
Dining
30,834 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
24,380 visits/mo
0.2 miles
Aldi
Groceries
22,048 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
17,367 visits/mo
0.2 miles
Bravo Supermarkets
Groceries
16,254 visits/mo
0.1 miles
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Orlando, FL
Frequently Asked Questions
What type of property is this?
NNN property - A 4,723 SF net-leased retail dispensary offering tenant responsibility for taxes, insurance, and common area maintenance.
Where is this nnn property located?
The property is located at 10615 East Colonial Drive Orlando, FL.
What is the asking price?
The asking price for this property is $2,187,137.
What are key features of this property?
This property features: 4,723 SF net‑leased Mint Cannabis dispensary at 10615 E Colonial Drive, Orlando, FL; Triple Net (NNN) lease structure: tenant responsible for taxes, insurance, and common area maintenance; Includes an established tenant in the cannabis/dispensary industry
