8431 E Colonial Dr Orlando, FL 32817
For Sale
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This exceptional Orlando investment opportunity features a fully operational gas station and convenience store with a second tenant, a grocery store with a full kitchen. Located on a high-traffic corner lot at the first exit off Highway 417 onto Colonial Drive, this property boasts over 45,000 average daily vehicles passing by. The 4,235 square foot building sits on a 0.71-acre lot and includes 11 parking spaces. The gas station features 8 pumps (4 double-sided) with 3 fuel grades and 1 diesel pump, updated credit card payment systems, and energy-efficient LED lighting. Double-walled gas tanks ensure environmental compliance. The property benefits from a Triple Net Lease (NNN) with two tenants, providing a stable income stream. The convenience store occupies 1,693 square feet, and the grocery store/mini-mart with a full kitchen occupies 2,542 square feet. Additional revenue streams include an ATM and lottery sales. The property underwent recent upgrades, including a new roof and exterior paint in 2024. This 100% occupied, multi-tenant property offers a 4.50% cap rate and is priced at $2,270,000 ($536.01/sq ft). The current lease terms have one year remaining. Built in 1976, this single-story building presents a strong value-add investment opportunity with immediate returns and long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Orlando, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.