Service King in Orlando, FL | Absolute Triple Net Lease

6215 E Colonial Dr, Orlando, FL 32807, USA
$3,777,391

Description

Marcus & Millichap is pleased to present this 20 year absolute net leased Service King, located at 6215 East Colonial Drive in Orlando, Florida The subject property consists of 16,843 square feet single tenant building on a large, 2.29-acre-parcel of land. This property has direct exposure to East Colonial Drive with a traffic count in excess of 51,581 vehicles per day and benefits from close to 300,000 people in a five mile radius.
This property benefits from its close proximity to Orlando Executive Airport, Orlando Fashion Square and Colonial Plaza Mall. There are numerous National and Regional retailers in the immediate area including Walgreens, Autozone, 7 Eleven, Wawa, Home Depot, Walmart, RaceTrac, McDonald’s, Enterprise, Hertz, Honda, Mazda, Amscot, Rooms To Go, Target, Macy’s, Dillard’s, Olive Garden, Denny’s, KFC and Starbucks among others.
Service King Collision Repair is a national automotive collision repair company. It was founded in 1976 by Eddie Lennox in Dallas, Texas. Service King is one of largest providers of collision repair services in the United States.

  • Rare Long Term 20 Year Absolute NNN Leased Investment in Orlando, Florida
  • Large 16,843 Square Foot Building on a 2.29 Acre Parcel – Excellent Intrinsic Value
  • Very Dense Population: 300,000+ People in a One Mile Radius
  • Direct Exposure to More than 55,000 Vehicles Per Day
  • Orlando is One of the Fastest Growing MSAs in the Country
  • Service King is One of Largest Providers of Collision Repair Services in the United States with More than 350 Locations in 24 states.
  • Florida is a No Income Tax State

Property Documents

  • Service-King-Orlando-FL-om-ib
  • City: Orlando
  • State/county: Florida
  • Zip/Postal Code: 32807
  • Country: United States

Detail

  • Price: $3,777,391

Additional details

  • CAP Rate: 5.75%
  • NOI: $217,200

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