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16428 New Independence Pky
Winter Garden, FL 34787
Miller's Ale House: Winter Garden, FL · Retail Property For Sale
Investment Highlights
- Commenced in 2022, Miller’s Ale House’s NNN ground lease features ±11.9 years of primary term remaining.
- Situated on Hamlin Groves Trail (21,900 VPD), where it is 600 feet south of its signalized intersection with New Independence Parkway (24,500 VPD).
- 10% rent increase in 2027, 2032 and in each of the three, 5-year renewal options.
- Outparcel to Hamlin Town Center, an institutional core-quality community shopping center in the heart of metropolitan Orlando’s Horizon West MPC.
Executive Summary
CBRE is pleased to exclusively offer for sale the ±11.9-year NNN Miller’s Ale House ground lease situated on 2.35 acres in Winter Garden, FL – an affluent community in the Orlando-Kissimmee-Sanford MSA (Population: 2.8M). Commenced in 2022, the lease features 10% rent increases in 2027, 2032 and in each of the three, 5-year renewal options.
The 7,300 SF Miller’s Ale House is an outparcel to Hamlin Town Center (“HTC”, also for sale: Hamlin Town Center OM), an institutional core-quality community shopping center in the heart of metropolitan Orlando’s Horizon West, one of the fastest-growing master planned communities in the U.S. HTC has been built in phases beginning in 2017 and is anchored by a 53,785 SF high-volume Publix grocery store, Urban Air, and TJ Maxx opening in March 2026. The center features a diverse and complementary shop tenant mix with restaurants, banks, medical and service uses. HTC is part of a significant retail concentration including a Walmart Supercenter, Cinepolis, PopStroke, and future locations for Lowe’s, Life Time Fitness and others.
The 7,300 SF Miller’s Ale House is an outparcel to Hamlin Town Center (“HTC”, also for sale: Hamlin Town Center OM), an institutional core-quality community shopping center in the heart of metropolitan Orlando’s Horizon West, one of the fastest-growing master planned communities in the U.S. HTC has been built in phases beginning in 2017 and is anchored by a 53,785 SF high-volume Publix grocery store, Urban Air, and TJ Maxx opening in March 2026. The center features a diverse and complementary shop tenant mix with restaurants, banks, medical and service uses. HTC is part of a significant retail concentration including a Walmart Supercenter, Cinepolis, PopStroke, and future locations for Lowe’s, Life Time Fitness and others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,300 SF
Building Class
C
Year Built
2022
Price
$5,428,600
Price Per SF
$743.64
Cap Rate
5.25%
NOI
$285,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.35 AC
Frontage
198’ on New Independence Parkway
Property Taxes
| Parcel Number | 20-2327-2717-01-001 | Improvements Assessment | $3,328,598 |
| Land Assessment | $2,131,395 | Total Assessment | $5,459,993 |
Property Taxes
Parcel Number
20-2327-2717-01-001
Land Assessment
$2,131,395
Improvements Assessment
$3,328,598
Total Assessment
$5,459,993
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