3770 37Th St Orlando, FL 32805
- Automotive properties
- 35,029 SF
- 5.68 lot acres
Current Use by Public Records
- American Road Group / Warehouse / Motorcycle Shop
- Orlando Harley-Davidson / Clothing Store / Motorcycle Dealer
- LiveWire Millennia / Motorcycle Dealer / Motorcycle Shop
- HD Factory Store / Store
Property Details for 3770 37Th St
- Year built
- 2002
- Lot size
- 5.68 lot acres
- Property size
- 35,029 SF
- Zone code
- I-G
- Property type
- Automotive properties
- APN
- 09-23-29-0013-00-010
- APU
- 92329001300010
Description
This exceptional investment opportunity presents a 35,029 square foot, Class A, two-story storefront in Orlando, Florida. The property, built in 2002 and renovated in 2022, sits on a 5.86-acre lot (APN: 09-23-29-0013-00-010) with prime I-4 frontage, boasting 220,000 daily views. Currently 100% occupied by a single tenant, the second largest Harley-Davidson franchisee in the nation, under a 20-year absolute NNN lease commencing February 3, 2023, and expiring February 2, 2043 (18.2 years remaining). The lease includes three options and features annual rent of $780,000, escalating by 10% every five years. The property offers a 5.00% cap rate and a price per square foot of $445.35. The asking price is $15,600,000. This investment benefits from the strong Orlando market, its status as Florida's #1 tourist destination, and the tenant's significant financial strength. The property is zoned for retail use and enjoys exceptional visibility. A major $3+ million renovation is planned in the coming years. This is a truly unique opportunity to acquire a high-performing, low-risk investment in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $13,270,000
- 6.5%
- $13,715,000
- 7%
- $12,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,970,000
- Geo Method
- $11,895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,405,000
- Retail
- $12,030,000
- Mixed-Use
- $14,850,000
- Hospitality
- $13,385,000
- Educational
- $11,845,000
- Residential Income
- $12,415,000
- Energy
- $12,050,000
- Income-Based Land
- $13,485,000
- Food Service
- $12,980,000
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4253
- Latitude
- 28.5042
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
