Net-Leased Retail
10615 East Colonial Drive Orlando, FL 32817
For Sale
Contact for pricing
A 4,723 SF net-leased retail dispensary offering tenant responsibility for taxes, insurance, and common area maintenance.
Property Size4,723 SF
Price / SF$512.70
Days on Market71
Property Features for 10615 East Colonial Drive
General Information
- Standard status
- Active
- Size
- 4,723 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing Agency:
Sands Investment Group - FTL
Listed By:
Jacob Strahler · License #FL SL3483641
Source:
Crexi
Added: May 14
Changed: Jul 23
Last Checked: Jul 23 at 10:33AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.2k | $29.04 |
| − Vacancy | −$4.7k | −$0.99 |
| EGI | $132.5k | $28.05 |
| − OpEx | −$39.7k | −$8.42 |
| NOI | $92.7k | $19.64 |
4,723 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.55M
NOI $92,745 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,501 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cannabist Dispensary
Alternative Medicine Practice
FAQs
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 $2,421,472.
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
