Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 2015
Lease Type NN
Lease Expiration 2030-05-31
Remaining Term 9 years, 8 months
Tenant Academy, Limited
Building Area
Number of units 1

Property Description

The property is located at 11955 East Colonial Drive, Orlando, Florida within the Alafaya Commons Shopping Center. The subject property is strategically situated within the Alafaya Commons Shopping center with excellent access and visibility at the junction of East Colonial Drive (41,500 AADT) and North Alafaya Trail (53,000 AADT). The site benefits from robust demographics with a population of 221,938 and average household income of $76,192 within five miles of the site. The area benefits from steady population growth, with an annual rate of 1.78% since 2010 and projected annual rate of 1.63% through 2022 within three miles of the property. The area benefits from strong educational attainment; approximately 38% of residents within five miles of the site have earned a bachelor’s degree or higher, as compared to only 28% of residents statewide.

Investment Highlights

  • Long Term Net Lease to Academy Sports + Outdoors
  • Strong Co-Tenancy with Gym and Service Tenants Ensuring Consistent Daily Traffic to Center
  • Excellent Access and Visibility Within Robust Retail Corridor
  • Approximately 2 Miles from University of Central Florida
  • Numerous Student Housing and Retail Developments in Surrounding Area
  • Orlando MSA Population Exceeds 2.5 Million
Last Updated Date: 28 Jul 2020
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218
Steve Schrenk
Steve Schrenk
Director, Capital Markets
License details
NJ-1433421

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Last Updated Date: 28 Jul 2020

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