For Sale: Long Term NNN Land Lease-KIA Dealer
3490 W. Colonial Drive, Orlando, Florida 32808
Sold: $1,400,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
100 sqft
Land Size
3.1 acres
Zoning
IG (City of Orlando) FLU: Comm
D B A:
Orlando KIA
Tenant:
West Colonial Auto, Inc
Cap Rate:
7.5% Avg / 6.5% Going In
Frontage:
280± ft SR 50/490± ft Ferguson
Lease Term:
10 yrs w/ (4) 5 yr options
Escalations:
Greater of 3% or CPI
Property Description
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%
Location
Contact
Joseph L. Rossi, CCIM
Colliers International Central Florida
Office: (407) 362-6139
[email protected]