About This Restaurant
Investment Highlights
High capitalization rate Renovated in 2024, ready for new tenant or owner-user 100% occupancy with 320-person seating capacity 8,000 SF fully built-out restaurant space Prime location at a signalized intersection with over 100,000 AADT Prominent outparcel in a high-visibility shopping center
Executive Summary
Introducing a phenomenal opportunity in the heart of Orlando, FL. This fully built out free-standing restaurant boasts a spacious 8,000 SF building, fully renovated in 2024 and currently at 100% occupancy. Featuring 320-person seating and strategically located at a signalized intersection on John Young Parkway and Sand Lake Rd, the property offers exceptional visibility with over 100,000 AADT. Zoned P-D and conveniently situated off Florida's Turnpike, this prime location is adjacent to prominent retailers and near major attractions like the Florida Mall and Universal's new Epic Universe Theme Park.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bar General Retail Freestanding Restaurant
- Building Size 8,000
- Building Class B
- Year Built/Renovated 1999/2024
- Price 3,675,000
- Price Per SF 459
- Cap Rate 6.56
- NOI 241,080
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 1.66 AC
Amenities
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 29-2333-7457-00-030 | Improvements Assessment | $1,265,395 |
| Land Assessment | $1,753,278 | Total Assessment | $3,018,673 |
| Date Created: | 2024-07-16 04:13:34 | Last Updated: | 2024-07-16 04:13:34 |
| Address: | 3060 W Sand Lake Rd , Orlando, Florida, 32819 | ||