16959 E Colonial Dr
Orlando, FL 32820
Circle K · Retail Property For Sale

Established and Leased Gas/Convenience Store located in the middle of a major growth area. A true TRIPLE NET LEASE with the outstanding CIRCLE-K Corp. Located at the major intersection of East Colonial Dr. (Hwy 50) and Chuluota Rd. (419), cornered by Mac Donald's, Walgreen's, Tractor Supply, Publix shopping center, BP, Burger King, 5/3 Bank and other stores. The TRUE initial CAP RATE is 7.5 % growing to 17.9% over the life of the lease with options. The initial NET INCOME stream is $145,480 per year with increases and NO COST. Four years left on the initial lease with five 5 year options and two 10 year options. There is a 3 sided pole sign included in the purchase. Located at the NE corner of E. Colonial Dr and Chuluota Rd., surrounded by shopping and food service. East Colonial is planed and under construction to be widened to Six lanes. There is a new 2078 home project in permitting with in 1/8 mile and announced in the Orlando Sentinel, the 408 Toll Road is being extended to the CR 520. This entire area will be busting at the seams.