13645 Colonial Dr Orlando, FL 32826

Property Details for 13645 Colonial Dr

Year built

2024

Lot size

0.94 lot acres

Property size

2,520 SF

Property type

Commercial real estate

APN

23-22-31-1538-01-000

Description

This offering presents a fee-simple interest in a newly constructed (2024) Pollo Campero quick-service restaurant located at 13645 E Colonial Dr, Orlando, FL 32826. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee, commencing May 17, 2024, and expiring June 1, 2039. Rent increases of 10% every five years ensure a growing income stream. The 2,520 square foot building sits on a 0.94-acre lot and includes a drive-thru and 31 parking spaces. The property enjoys 100% occupancy and generates a Net Operating Income (NOI) of $135,000, representing a 5.00% cap rate on the $2,700,000 asking price. Situated on a major retail corridor with over 56,000 vehicles per day, the location benefits from high visibility and accessibility. The surrounding area features strong demographics, including a population exceeding 209,000 within a five-mile radius and an average household income over $97,000. Nearby amenities include a new 296-unit apartment complex, Starbucks, and other major retailers such as Winn-Dixie, CVS, and Walgreens. Its proximity to the University of Central Florida (UCF) and the Central Florida Research Park further enhances its appeal. The property is zoned for Planned Development and has a total of one, single-story building. The APN is 23-22-31-1538-01-000. This investment offers long-term security and significant upside potential in a thriving Orlando market.