Financials / Metrics
- $8,616,000
- Enormous 15% Rent Increases Every 5 Years – Next Increase 8/1/2024
- Cap Rate: 5.70%
- 10,530 Sq. Ft.
- Enormous Sales – 43% ABOVE concept average!
- Low & Healthy Rent to sales Ratio
- Massive 3.07 Total Acres
- Year Built: 2004 / Recently Reimaged
Lease Facts
- Lease Term: 11.2 Years
- Absolute NNN Lease
- Percentage Rent Income Offers Increased Future Yield
- YOY Increasing Sales Volume
- Corporate Lease Guaranty
- Parent Company: Roark Capital has over $25 billion in assets under management
Concept & Tenant Overview
- Extremely Strong Brand & Upward Trending Concept
- Experiential product type = Recession Resistant & E-commerce proof
- Successful 19 Year Operating History
- Over 100 locations
- Approximately $522 Million dollars in sales (2022)
Location Drivers
- A+ Location / Exceptional Real Estate quality
- Ideally located just 1.5 Miles North of Orlando International Airport (MCO)
- One of the largest commercial airports in the U.S.
- 7th busiest airport in the nation
- 50,178,499 passengers in 2022
- Combined overall passenger traffic increase of over 24.35% YOY
- 850 daily flights on 44 airlines to 135 domestic & international destinations
- Massive Traffic count of 62,183 cars per day on S. Semoran Blvd.
- The main N/S business & commuter artery
- Feeding community & visitors directly into & out of Orlando International Airport
- Optimally located off of 528 Beachline Expressway connecting I-4 to FL east coast with over 120,500 cars per day
- Ideally Positioned adjacent to Signalized Intersection
- Multiple Access Points
- Ideally located in center of retail / shopping corridor
- Surrounded by abundance of major national concepts within 1 mile:
- Retailers: Academy Sports, Home Goods, Ross, PetCo, Michaels, Ulta Beauty, Five Below, 12 Screen EPIC Theatres at Lee Vista, Chick-fil-A, McDonald’s, Starbucks, Panda, Chipotle and many more.
- Hotels: 26 Major Hotels Boasting A Staggering Total Of 7,212 Rooms including Hyatt Regency, Orlando Int’l Hotel, Hyatt House Orlando Airport, Marriott Orlando Airport Lakeside, Ramada by Wyndham Suites Orlando, Sheraton Suites Orlando Airport Hotel, Hampton Inn & Suites Orlando Airport at Gateway Village Airport, Hampton Inn Orlando – International Airport, Embassy Suites by Hilton Orlando Airport, SpringHill Suites Orlando Airport, TownPlaces Suites by Marriott Orlando Airport, Homewood Suites by Hilton, Renaissance Orlando Airport Hotel, Residence Inn by Marriott Orlando Airport and more
- Excellent Sightline, Visibility, Exposure & Signage
- Closest same concept unit: 8+ miles
- 5 Miles to downtown Orlando
- 15 Miles to Disney World
- 186 Parking Spaces
- Surrounded by abundance of major national concepts within 1 mile:
Location / Area Facts
- Perfect Median Age Linear with Concept: 30.0 – 1 mile / 37.5 – 3 miles / 38.0 – 5 miles
- Disney World > the driving force behind Orlando’s stability and fortification
- Attracts an average of 21 million annual visitors
- Catalyst for employment growth and economic stability
- Massive Population Density: 12,078 – 1 mile / 84,320 – 3 miles / 210,543 – 5 miles
- Considering the enormous airport land mass is just 1.5 miles to the South, this speaks to the mass
- Path of Progress & Population migration – 4.53% – next 5 years
- Enormous Industry in Immediate Area
- 5-mile radius
- Over 73,000 workers
- 8,080 businesses
- 210,000+ residences
- Sustainable Customer Base
Location / Maps
- Orlando Florida was named the largest U.S. travel and tourism city destination for 2022
- In 2021, Disney Attracted 36 million people to the Orlando area
- In 2019, Orlando-area tourism generated $75.2 billion in economic impact for central Florida
- Visitors attend 14 theme parks in Orlando area including: Legoland resort, six parks from Disney, four parks from Universal, and three parks from SeaWorld
- Orlando area has added nearly 50,000 new jobs in the past year
*Florida > no state income tax offering significant tax advantage
Contact Brokers
Jim Shiebler, CCIM, CEC
Senior Vice President Investments
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780
James Garner, CCIM
First Vice President Investments
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659
