For Sale: Long Term NNN Land Lease-KIA Dealer
SOLD June 2016 for $1,400,000
3490 W. Colonial Drive, Orlando, Florida 32808
| Building Size | 100 Square Feet |
| Land Size | 3.1 Acres |
| Zoning | IG (City of Orlando) FLU: Comm |
| Tenant: | West Colonial Auto, Inc |
| DBA: | Orlando KIA |
| Lease Term: | 10 yrs w/ (4) 5 yr options |
| Escalations: | Greater of 3% or CPI |
| Cap Rate: | 7.5% Avg / 6.5% Going In |
| Frontage: | 280± ft SR 50/490± ft Ferguson |
Colliers International offers the sale of the NNN land lease for the Orlando KIA auto dealership located along State Road 50 (West Colonial Drive) in Orlando, Florida, just two miles from Downtown Orlando. This 3.1 acre location is highly visible on one of Orlando's main roads with over 40,0000 ADT. The lease term is 10 years with an average cap rate of 7.50%
Agent
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Office Phone: (407) 362-6139Mobile: (407) 230-2809
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.