7468 Colonial Dr Orlando, FL 32818-6747
- Retail space
- 9,684 SF
- 1.06 lot acres
Current Use by Public Records
- Imperial Design Hall Era Victorian / Banquet Hall / Dance Hall
- Salon Colonial / Restaurant
Property Details for 7468 Colonial Dr
- Year built
- 1998
- Lot size
- 1.06 lot acres
- Property size
- 9,684 SF
- Zone code
- P-D
- Property type
- Retail space
- APN
- 26-22-28-2139-02-000
- APU
- 262228213902000
Description
This exceptional Class A retail storefront, located at 7468 W Colonial Dr in Orlando, Florida (32818), presents a compelling investment opportunity. The 9,460 square foot property, situated on a 1.06-acre lot (APN 26-22-28-2139-02-000), boasts a strong 6.01% cap rate and a Net Net (NN) lease with 5.9 years remaining on a 10.5-year term (commencing 11/15/2017 and expiring 05/13/2028). The property is currently 100% occupied by a single tenant with multiple locations in Central Florida, providing a stable income stream with a substantial Net Operating Income (NOI) of $144,360. The asking price is $2,400,000, translating to a price per square foot of $253.70. Built in 1998, the property is zoned P-D and benefits from its location on W Colonial Dr, a high-traffic corridor with over 45,000 cars passing daily, ensuring excellent visibility and accessibility. The lease includes a personal guaranty, further mitigating risk. This investment offers a secure, high-performing asset in a desirable location with a proven tenant and significant remaining lease term. The property's strong demographics and high traffic counts contribute to its exceptional investment potential. This is a rare opportunity to acquire a well-established, high-performing retail property in a prime Orlando location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $495,000
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Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4834
- Latitude
- 28.5512
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
