Prime Location | Absolute NNN | 100,000+ VPD | 10 Year Leased

3060 W Sand Lake Rd Orlando, FL 32819

3060 W Sand Lake Rd, Orlando, FL, 32819
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FOR SALE
Property Type:
Restaurant
Amount:
$3,675,000
Last Verified:
Jul 03, 2024

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Highlights

  • High capitalization rate
  • 8,000 SF fully built-out restaurant space
  • Renovated in 2024, ready for new tenant or owner-user
  • Zoned P-D for versatile usage
  • Prime location at a signalized intersection with over 100,000 AADT
  • 100% occupancy with 320-person seating capacity
  • Prominent outparcel in a high-visibility shopping center
  • Strategic proximity to Florida's Turnpike and Florida Mall
  • Adjacent to upcoming Epic Universe Theme Park
  • Proximity to major retailers like Walmart, PetSmart, Lowe's, and more

Description

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 leased with a restaurant operator until 2033 plus another option for 10 more years. 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.

Situated in bustling Orlando, FL, this prime location is surrounded by a wealth of points of interest. Nearby attractions include the renowned Florida Mall, Universal's new Epic Universe Theme Park, and a variety of corporate offices and business parks. The shopping center is also home to major retailers such as Walmart, PetSmart, Lowe's, Five Guys, McDonald's, Panda Express, and Old Time Pottery, offering a built-in customer base. With a high-traffic location near a signalized intersection with an excess of 100,000 vehicles passing through each day.


Year Built: 1999
Building Size: 8000sq ft
Lot Size: 1.64 acres

Map of 3060 W Sand Lake Rd, Orlando, FL, 32819

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.