4760 Marigold Ave Kissimmee, FL 34758

Property Details for 4760 Marigold Ave

Lot size

0.96 lot acres

Property type

Commercial land

APN

122728473200010030

APU

122728473200010030

Description

This exceptional investment opportunity presents a brand-new, 3,170 square foot Bojangles' restaurant located in Kissimmee, Florida. Situated on a 1.03-acre lot at 4760 Marigold Ave, this Class A property is part of the newly constructed Poinciana Lakes Plaza power center, an outparcel to a development that includes Sprouts Farmers Market and Ross Dress for Less. The property benefits from a 100% occupancy rate under an absolute NNN ground lease with a corporate tenant, featuring attractive rent bumps and renewal options. The dual drive-thru lanes cater to the high traffic volume of the area, with Marigold Ave and Cypress Pkwy seeing a 31% traffic increase since 2020 (66,500 vehicles per day). The location boasts a strong demographic profile, with over 81,000 residents within a 5-mile radius and an average household income of $85,000. Projected to open in December 2024, this property offers a secure and profitable investment with a 5.00% cap rate and an asking price of $3,300,000. The surrounding area is experiencing significant growth, with Osceola County's population expected to increase by 50% by 2040 and the immediate area projected to see a 20% population increase in the next five years. Poinciana Lakes Plaza is projected to attract over 1.5 million customer visits annually at full tenancy. This investment is further enhanced by the ongoing infrastructure improvements, including the widening of Poinciana Blvd from two to four lanes.

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Longitude

-81.4713

Latitude

28.1448

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments