Financials / Metrics
- $8,721,000
- 2% Annual Compounded Rent Increases
- Cap Rate: 6.20%
- 10,416 Sq. Ft.
- Enormous Sales – 56% ABOVE concept average!
- Low & Healthy Rent to sales Ratio
- Year Built: 2006 / Recently Reimaged
Lease Facts
- Lease Term 8 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 & E-commerce resistant proof
- Successful 17 Year Operating History
- Over 100 locations
- Approximately $522 Million dollars in sales (2022)
Location Drivers
- A+ Location / Exceptional Real Estate quality
- Ideally Positioned at Signalized Intersection
- Outparcel to The Village at Hunter’s Creek > an upscale Class A Shopping
- Ideally located just 10 miles from Disney World & 6 miles to variety of Disney Theme Parks
- Enormous Traffic count of 73,500 cars per day on S. Semoran Blvd.
- The main N/S business & commuter artery connecting Downtown Orlando to the South Orlando suburbs
- Optimally located directly off of 417 Central Florida Greenway with an additional massive 81,000 cars per day
- Connecting Disney’s machine to thousands of Rooftops
- Feeding community & visitors directly in & out of Disney’s theme parks and thousands of ancillary businesses
- Multiple Access Points
- Ideally located in center of retail / shopping corridor surrounded by abundance of major national retail concepts within ½ mile including Publix, Walgreens, AT&T, Bank of America, Wells Fargo, Truist, McDonald’s, Starbucks, Dunkin & many more
- Abundance of medical office & health care buildings in immediate vicinity
- Absolutely zero competition in the area
- Closest same concept unit: 6+ miles
- 3 Schools within 1 Mile:
- Hunter’s Creek Middle School: 1,266 students & faculty
- Renaissance Charter School: 1,529 students & faculty
- Hunter’s Creek Elementary School: 842 students & faculty
Location / Area Facts
- Perfect Median Age Linear with Concept: 37.1 – 1 mile / 35.5 – 3 miles / 35.0 – 5 miles
- Massive Population Density: 13,393 – 1 mile / 80,072 – 3 miles / 231,904 – 5 miles
- Considering the enormous land masses to the West that are designated preservations, this speaks to the mass
- Highly affluent area: $102,590 – 1 mile / $86,411 – 3 miles
- Located in the Path of Progress & Population migration
- Disney World > the driving force behind Hunter’s Creek’s stability and fortification
- Attracts an average of 21 million annual visitors
- Catalyst for employment growth and economic stability
- Over 100,000 workers in a 5-mile radius
- Enormous Level of Rooftops & Bedroom Communities (Apartments, Townhomes, Condos & Single Family Homes) in Immediate Area
- Certain Sustainable Customer Base
- 9 Miles to Downtown Orlando
Location / Maps
Orlando
- Orlando area has added nearly 50,000 new jobs in the past year
- 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
- Orlando Florida was named the largest U.S. travel and tourism city destination for 2022
- Visitors attend 14 theme parks in Orlando area including: Legoland resort, six parks from Disney, four parks from Universal, and three parks from SeaWorld
*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
