Orlando Harley Davidson Dealership
3770 37th St Orlando, FL 32805
3770 37th St, Orlando, FL, 32805
Contact for pricing
For Sale
Contact for pricing
Pending
Iconic Orlando Harley Davidson dealership with absolute NNN lease.
Property Size35,029 SF
Days on Market782
Property Features for 3770 37th St
General Information
- Standard status
- Pending
- Size
- 35,029 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing Agency
John Burpee & Associates
(727) 585-2070
Listed by
John Burpee · License #FL cq1057398
Source
Crexi
Added: May 28, 2024 Checked: Jul 15 at 6:25 pm
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 John Burpee & Associates
Investment Insights
Based on property information with market context.
This investment opportunity features an iconic Orlando Harley Davidson dealership. The property is located in Orlando, Florida, with direct I-4 frontage. The location benefits from high visibility, with 220,000 views per day from highway traffic on I-4. The current tenant, HD American Road Group, LLC, is the second largest Harley Davidson franchisee in the nation. They signed a new 20-year absolute NNN lease in February 2023. The current rent is $780,000 per year until February 2028, with 10% escalations every 5 years thereafter. The property is part of the Mall of Millenia Trade zone. A major renovation is planned for the next few years. The Orlando MSA is a major tourist destination. Recent and ongoing developments in the area include Lake Nona Town Center, Lake Nona Wave Hotel, Boxi Park, the UCF/Lake Nona Medical Center, Creative Village, and the Under-I project. The property has an absolute NNN Lease with no landlord responsibilities. The tenant has very strong EBITDA. The rent-to-sales ratio is extremely low. The location has phenomenal brand recognition.
Key Highlights
- Absolute NNN lease offers a passive income stream with no landlord responsibilities.
- Tenant is HD American Road Group, LLC, a financially stable Harley‑Davidson operator.
- New 20‑year lease signed in February 2023, demonstrating long‑term commitment.
Local 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 | $1.02M | $29.04 |
| − Vacancy | −$34.6k | −$0.99 |
| EGI | $982.7k | $28.05 |
| − OpEx | −$294.8k | −$8.42 |
| NOI | $687.9k | $19.64 |
35,029 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.83M
$8.60M – $11.46M
NOI $687,859 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$2.80M
$2.45M – $3.26M
NOI $195,681 @ 7.0% cap · market cap 1.38%
Theoretical Best
Office A
$11.28M
$9.87M – $13.16M
NOI $789,884 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
American Road Group
Warehouse & Storage
Orlando Harley-Davidson
Motorcycle Shop
LiveWire Millennia
Motorcycle Shop
HD Factory Store
Department Store
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FAQs
What type of property is this?
Automotive property - Iconic Orlando Harley Davidson dealership with absolute NNN lease.
Where is this automotive property located?
The property is located at 3770 37th St Orlando, FL.
What is the asking price?
The asking price for this property is $14,181,818.
What are key features of this property?
This property features: Absolute NNN lease offers a passive income stream with no landlord responsibilities.; Tenant is HD American Road Group, LLC, a financially stable Harley‑Davidson operator.; New 20‑year lease signed in February 2023, demonstrating long‑term commitment.
