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The Paseo 12100 Collegiate Way 1,200 - 25,852 SF of Retail Space Available in Orlando, FL 32817

Matterport 3D Tours

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HIGHLIGHTS

  • Desirable features include a lush entry plaza, activated walkways, three trendy parks, converted shipping containers, and an outdoor amphitheater.
  • Find storefront space soon to be upgraded to match the development’s aesthetic next to the proposed buildings, boasting diverse cotenants.
  • MacDinton's, Raising Cane & Melt N Dip COMING SOON!
  • The Paseo is a 68-acre mixed-use development near two new student apartment complexes at the University of Central Florida's entrance.
  • Take advantage of this high-exposure locale with abundant foot traffic from students and vehicle counts of over 100,000 cars per day.

SPACE AVAILABILITY (6)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • RENT TYPE
  • 1st Floor
  • 10,534 SF
  • Negotiable
  • $55.00 /SF/YR $4.58 /SF/MO $579,370 /YR $48,281 /MO
  • Modified Gross
102034 Systems Way - 1st Floor
Space Use
Retail
Condition
Shell Space
Availability
Now
  • Listed rate may not include certain utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 19,852 SF of adjacent space
  • 1st Floor, Ste 120, 125
  • 2,400 SF
  • 5-10 Years
  • $55.00 /SF/YR $4.58 /SF/MO $132,000 /YR $11,000 /MO
  • Triple Net (NNN)
12100 Collegiate Way - 1st Floor - Ste 120, 125
Space Use
Retail
Condition
Full Build-Out
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • 1st Floor, Ste 150
  • 1,200 SF
  • 5-10 Years
  • $55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO
  • Triple Net (NNN)
12100 Collegiate Way - 1st Floor - Ste 150
Space Use
Retail
Condition
Full Build-Out
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Highly Desirable End Cap Space
  • Space is in Excellent Condition
  • 1st Floor, Ste 155
  • 1,200 SF
  • 5-10 Years
  • $55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO
  • Triple Net (NNN)
12100 Collegiate Way - 1st Floor - Ste 155
Space Use
Retail
Condition
Full Build-Out
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Highly Desirable End Cap Space
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 2,400 SF of adjacent space
  • 1st Floor, Ste 160
  • 1,200 SF
  • 5-10 Years
  • $55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO
  • Triple Net (NNN)
12100 Collegiate Way - 1st Floor - Ste 160
Space Use
Retail
Condition
Full Build-Out
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Can be combined with additional space(s) for up to 2,400 SF of adjacent space
  • 2nd Floor
  • 9,318 SF
  • Negotiable
  • $55.00 /SF/YR $4.58 /SF/MO $512,490 /YR $42,708 /MO
  • Modified Gross
102034 Systems Way - 2nd Floor
Space Use
Retail
Condition
Shell Space
Availability
120 Days
  • Listed rate may not include certain utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 19,852 SF of adjacent space
Space Size Term Rental Rate Rent Type
1st Floor 10,534 SF Negotiable $55.00 /SF/YR $4.58 /SF/MO $579,370 /YR $48,281 /MO Modified Gross
1st Floor, Ste 120, 125 2,400 SF 5-10 Years $55.00 /SF/YR $4.58 /SF/MO $132,000 /YR $11,000 /MO Triple Net (NNN)
1st Floor, Ste 150 1,200 SF 5-10 Years $55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO Triple Net (NNN)
1st Floor, Ste 155 1,200 SF 5-10 Years $55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO Triple Net (NNN)
1st Floor, Ste 160 1,200 SF 5-10 Years $55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO Triple Net (NNN)
2nd Floor 9,318 SF Negotiable $55.00 /SF/YR $4.58 /SF/MO $512,490 /YR $42,708 /MO Modified Gross

102034 Systems Way - 1st Floor

Size
10,534 SF
Term
Negotiable
Rental Rate
$55.00 /SF/YR $4.58 /SF/MO $579,370 /YR $48,281 /MO
Rent Type
Modified Gross
Space Use
Retail
Condition
Shell Space
Availability
Now

  • Listed rate may not include certain utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 19,852 SF of adjacent space

12100 Collegiate Way - 1st Floor - Ste 120, 125

Size
2,400 SF
Term
5-10 Years
Rental Rate
$55.00 /SF/YR $4.58 /SF/MO $132,000 /YR $11,000 /MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition

12100 Collegiate Way - 1st Floor - Ste 150

Size
1,200 SF
Term
5-10 Years
Rental Rate
$55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Highly Desirable End Cap Space
  • Space is in Excellent Condition

12100 Collegiate Way - 1st Floor - Ste 155

Size
1,200 SF
Term
5-10 Years
Rental Rate
$55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Highly Desirable End Cap Space
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 2,400 SF of adjacent space

12100 Collegiate Way - 1st Floor - Ste 160

Size
1,200 SF
Term
5-10 Years
Rental Rate
$55.00 /SF/YR $4.58 /SF/MO $66,000 /YR $5,500 /MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Condition
Full Build-Out
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Can be combined with additional space(s) for up to 2,400 SF of adjacent space

102034 Systems Way - 2nd Floor

Size
9,318 SF
Term
Negotiable
Rental Rate
$55.00 /SF/YR $4.58 /SF/MO $512,490 /YR $42,708 /MO
Rent Type
Modified Gross
Space Use
Retail
Condition
Shell Space
Availability
120 Days

  • Listed rate may not include certain utilities, building services and property expenses
  • Can be combined with additional space(s) for up to 19,852 SF of adjacent space

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

MATTERPORT 3D TOURS

12100 Collegiate Way - 1st - 120, 125

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TENANTS AT THE PASEO

  • TENANT
  • DESCRIPTION
  • SIZE
  • MOVE DATE
  • US LOCATIONS
  • REACH
  • Blue Water Nails & Spa
  • Salon/Barber/Spa
  • -
  • 06/2023
  • 1
  • Local
US LOCATIONS
REACH
1
Local

Blue Water Nails & Spa is conveniently located in Collegiate Square, which is one street south of University Drive and Alafaya Trail. Our goal at Blue Water is to provide our clients with fabulous nail care and salon services with unparalleled ambiance and attention to detail, all the while maintaining the highest level of cleanliness and sterilization in the industry. All instruments are disinfected right after each use, in order to ensure your health and safety when using our services. Our salon takes pride in providing you with a variety of quality lacquers and gel polishes to make your nails much more beautiful. Our well-trained and friendly technicians will pamper you and guarantee that you are satisfied with all of our affordable services, which includes manicures, pedicures, waxing, and many other professional services. Here at Blue Water, you can unwind and relax after a long day of working or studying and escape the everyday stresses. Come and experience your best moments at

  • Kung Fu Tea
  • Drinks/Juices
  • -
  • 06/2023
  • 444
  • International
US LOCATIONS
REACH
444
International

Kung Fu, in its purest essence, is the desire for self-improvement and to expand one's capabilities beyond all limitations. At Kung Fu Tea, they share that same desire. They hold the firm belief that it is their mission to continuously improve and expand upon their already stellar brand. With over a decade of experience, they are the unchallenged experts in the bubble tea business. From the ingredients for their products to the customer service at their stores, they keep a strict and uncompromisingly high standard, setting the bar for their competitors. It is their dream to introduce the Kung Fu Tea brand to consumers all around the world, as well as creating a more refined bubble tea culture.

  • Fat Shack
  • Restaurant
  • -
  • 06/2023
  • 17
  • National
US LOCATIONS
REACH
17
National

The Fat Shack® was created in February of 2010 by Tom Armenti. After graduating with a degree in Marketing from The College of New Jersey, Tom set out to bring his College and surrounding town a desperately needed solution to their lack of late-night food options. With only $5,000 on hand to start the business, Tom creatively partnered with RJ’s Bagels, a local bagel shop which opened daily for breakfast and closed after lunch. Once RJ’s left for the day, Tom would re-open the store and operate his new concept from 6PM to 4AM. The business steadily grew over the next year, but the strain of sharing the space became more and more difficult. It was time to build out the first full Fat Shack store. After visiting family in Northern Colorado, Tom knew that a town like Fort Collins was the perfect place to set up shop. He returned to Jersey, packed his car, moved halfway across the country and opened the doors to Fat Shack Fort Collins in August 2011.

  • Smartpunk’s record shop
  • Other Retail
  • -
  • 06/2023
  • 1
  • Local
US LOCATIONS
REACH
1
Local

Record store located in Orlando, Florida

  • Smoothie King
  • Drinks/Juices
  • -
  • 06/2023
  • 1,468
  • International
US LOCATIONS
REACH
1,468
International

At Smoothie King, they believe each day is filled with promise and possibility. And their purpose is to help to get the most out of it. That’s why each of their ingredients is chosen carefully, and every one of their blends is crafted masterfully. So their customers can be their best self, live their best life, and rule the day. Their mission is to inspire people to live a healthy and active lifestyle, and their vision is to be an integral part of every health and fitness journey.

  • MacDinton's
  • Retailer
  • -
  • -
  • -
  • -
TENANT DESCRIPTION SIZE MOVE DATE US LOCATIONS REACH
Blue Water Nails & Spa Salon/Barber/Spa - 06/2023 1 Local
Kung Fu Tea Drinks/Juices - 06/2023 444 International
Fat Shack Restaurant - 06/2023 17 National
Smartpunk’s record shop Other Retail - 06/2023 1 Local
Smoothie King Drinks/Juices - 06/2023 1,468 International
MacDinton's Retailer - - - -

PROPERTY FACTS

Total Space Available 25,852 SF
Max. Contiguous 19,852 SF
Center Type Neighborhood Center
Parking 180 Spaces
Stores 1
Center Properties 3
Gross Leasable Area 118,017 SF
Total Land Area 7.79 AC
Year Built 1994

ABOUT THE PROPERTY

MacDinton's, Raising Cane & Melt N Dip COMING SOON! The Paseo at Collegiate Village, a 63-acre mixed-use development located at the main entrance to the University of Central Florida (UCF), at the SW quadrant of Alafaya Trail/SR 434 and University Blvd. UCF is the 2nd largest university in the US by enrollment with 68,000 students and 13,000 faculty for the 2023 calendar year. Ideal for retail, restaurant, entertainment, and specialty uses. The Paseo is an ideal venue for students, employees, tourists, and visitors to shop, play, and hang out. Amphitheater and public space perfect for casual gatherings, outdoor concerts, festivals, and more. Within one mile of more than 4 million SF of office and office/flex space and 4,200 apartment units. 1,600+ new student beds on site, within 2 luxury apartment complexes.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
16,704
101,252
231,506
364,468
2029 Population
16,951
103,739
237,658
393,411
2024-2029 Projected Population Growth
1.5%
2.5%
2.7%
7.9%
Median Age
22.6
27.7
32.1
35.0
College Degree + Higher
28%
35%
36%
27%
Daytime Employees
35,254
59,551
98,093
143,148
Total Businesses
917
3,313
9,118
16,272
Average Household Income
$31,688
$80,837
$88,272
$105,652
Median Household Income
$21,894
$57,474
$66,439
$80,773
Total Consumer Spending
$56.6M
$908.7M
$2.4B
$4.1B
2024 Households
3,002
30,863
77,632
127,298
Average Home Value
$316,833
$325,990
$338,056
$456,764

NEARBY AMENITIES

RESTAURANTS

The Public House American $$$ 0 min walk
Smoothie King - - 1 min walk
Dunkin' Cafe - 3 min walk
Kyoto Sushi & Grill Japanese $$$ 3 min walk
Habaneros Mexican Grill Grill $ 4 min walk
Starbucks Cafe $ 6 min walk
BurgerFi Burgers $$$ 7 min walk

RETAIL

ideal dental MD/DDS 6 min walk
Wawa Convenience Market 5 min walk
Floyd's 99 Barbershop Salon/Barber/Spa 10 min walk
GNC Nutrition Center 10 min walk
HOTWORX Fitness 10 min walk
FedEx Office Business/Copy/Postal Services 16 min walk

HOTELS

Courtyard
123 rooms
3 min walk
Hampton by Hilton
109 rooms
9 min walk
TownePlace Suites
105 rooms
10 min walk
Residence Inn
99 rooms
11 min walk

LEASING TEAMS

LEASING TEAMS

Rusty Stoeckel, Broker Associate
Rusty Stoeckel was awarded a BS in Management Science in 1973 from The Georgia Institute of Technology. Mr. Stoeckel has been a licensed Real Estate Salesman since 1980 and a Licensed Real Estate Broker in the State of Florida since 1984, having entered the Commercial Real Estate arena in 1988 in Orlando. He is currently Director of Brokerage Services at Demetree Real Estate Services, Inc., a family-owned Real Estate Brokerage and Development company in the Orlando area for 50 years. He handles the commercial property portfolio at Demetree as well as 3rd party retail assignments, including site acquisition, retail development, project leasing, and tenant representation. Mr. Stoeckel has been directly involved in numerous retail lease transactions and many retail development projects both as a Landlord rep and Tenant rep. Current and previous assignments include Toojay’s Original Gourmet Deli, Dexter’s, Harmoni Market, Cold Stone Creamery, Maloney’s Tavern, Firkin’s Pub, Manhattan Bagel, Quiznos, Atlanta Bread, Raving Brands ( Moe’s Southwest Grill, Shane’s Rib Shack, and Planet Smoothie) and One Hour Martinizing. Mr. Stoeckle has a keen awareness of current and upcoming retail opportunities in the Orlando metro area and is very well connected with Retail Tenants. Mr. Stoeckel has been a member of the International Council of Shopping Centers (ICSC) since 1995 and regularly attends its functions, including the annual Spring Convention in Las Vegas.
Drew Forness, President
Drew founded Forness Properties in 2010. He has over 20 years of proven industry and sales experience specializing in the leasing and management of retail and office properties. Before founding Forness Properties, Drew served as Vice President of Sales and Leasing for Michael Collard Properties, Vice President of the Acquisitions and Dispositions Department at Crossman & Company, and as an Associate at Crossman & Company responsible for leasing. He has earned top honors with the Central Florida Commercial Realtors Association and CCIM. Drew is a Certified Commercial Investment Member (CCIM), a licensed Florida Real Estate Broker and a member of The International Council of Shopping Centers. His accolades include a Top Investment Producer, Top Retail Producer, Top Broker and Costar Power Broker for multiple years. Drew is a graduate of Florida Southern College and is a lifelong resident of Central Florida.
Monte Mitchell, Director of Leasing & Sales
Monte was born and raised in Central Florida and has extensive knowledge, relationships, and passion for the area. He brings a diverse skill set to Forness Properties with multiple years of commercial leasing experience on both the landlord and tenant side. He has owned a business since 2006 and has been a successful business broker for over three years. More than a decade of experience in running his own business has given Monte a strong appreciation for client relationships and he works diligently to exceed expectations. The most important part of Monte’s life is taking care of his wife, Danae, his daughter, Kate, and his son, Mason.

ABOUT THE OWNER

Read More
  • Listing ID: 28490284

  • Date on Market: 1/15/2025

  • Last Updated:

  • Address: 12100 Collegiate Way, Orlando, FL 32817

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