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Aspen Dental - CAVA | Trophy NNN 3157 E Colonial Dr 5,952 SF 100% Leased Retail Building Orlando, FL 32803 $5,693,000 ($956.49/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Two-Tenant Net-Lease Investment (Aspen Dental & CAVA) – New Long-Term Corporate Leases (Entirety of Term & Extensions)
- Aspen Dental – Approx. $8.4B in U.S. Annual Revenue – Subsidiary of The Aspen Group (TAG)
- Nearby Major Traffic-Generating Retailers Include: Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts
- World-Class Trophy Retail Location in Orlando, FL – Income Tax-Free State – East Colonial Dr (SR 50) with 83,000 VPD
- CAVA – S&P 400 Component (2023 IPO), $954M in Annual Revenue Trending Up
- Tenants Responsible for Taxes, Insurance, CAM, plus Management Fees (Includes Roof Warranty)
EXECUTIVE SUMMARY
Exclusively Listed in association with Brian Brockman | License No. BK3327646
We are pleased to present to qualified investors an opportunity to purchase a trophy, two-tenant net-lease property in Orlando, FL, featuring premium, corporate tenants Aspen Dental and CAVA on new long-term leases (fee simple – land & building).
This property is located at one of the most premier retail locations in the entire U.S. at the intersection of E Colonial Drive (State Route 50) and Maguire Boulevard in the heart of Orlando, FL. Adjacent to national retailers Floor & Décor (#1 in a 5 0- Mile Radius per Placer.ai), Macy’s, and Dillard’s; this site is also next to traffic draws that include Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, and Dick’s Sporting Goods.
As further testament to this class-A location, the site sees over 83,000 Cars Per Day at the signalized intersection. Additional national retailers nearby also include Planet Fitness, Crunch Fitness, LongHorn Steakhouse, Panera Bread, Chipotle, Del Taco, Olive Garden, Starbucks, Pei Wei, Chick Fil-A, Noodles and Company, Goodyear, Take 5, Firestone, Verizon, T-Mobile, Hot Topic, Sunglasses Hit, Old Navy, and Men’s Wearhouse.
Aspen Dental and CAVA provide a complementary tenant mix of medical and fast casual that supports durable income backed by corporate guarantors for the entirety of the leases, minimal management (includes a 16-year new transferable roof warranty), and long-term tenant stability in one of Florida’s most dynamic growth markets.
We are pleased to present to qualified investors an opportunity to purchase a trophy, two-tenant net-lease property in Orlando, FL, featuring premium, corporate tenants Aspen Dental and CAVA on new long-term leases (fee simple – land & building).
This property is located at one of the most premier retail locations in the entire U.S. at the intersection of E Colonial Drive (State Route 50) and Maguire Boulevard in the heart of Orlando, FL. Adjacent to national retailers Floor & Décor (#1 in a 5 0- Mile Radius per Placer.ai), Macy’s, and Dillard’s; this site is also next to traffic draws that include Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, and Dick’s Sporting Goods.
As further testament to this class-A location, the site sees over 83,000 Cars Per Day at the signalized intersection. Additional national retailers nearby also include Planet Fitness, Crunch Fitness, LongHorn Steakhouse, Panera Bread, Chipotle, Del Taco, Olive Garden, Starbucks, Pei Wei, Chick Fil-A, Noodles and Company, Goodyear, Take 5, Firestone, Verizon, T-Mobile, Hot Topic, Sunglasses Hit, Old Navy, and Men’s Wearhouse.
Aspen Dental and CAVA provide a complementary tenant mix of medical and fast casual that supports durable income backed by corporate guarantors for the entirety of the leases, minimal management (includes a 16-year new transferable roof warranty), and long-term tenant stability in one of Florida’s most dynamic growth markets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
5,952 SF
Building Class
B
Year Built
2021
Price
$5,693,000
Price Per SF
$956.49
Cap Rate
6%
NOI
$341,589
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.81 AC
Zoning
C - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
- 3,500 SF
- $50.00
- Triple Net
- May 2032
Aspen Dental North Chesterfield is part of a national network of privately held dental support organization–backed practices, offering comprehensive dental services. Serving patients since the brand’s launch in the late 1990s, this location provides general dentistry, cosmetic procedures like veneers and clear aligners, dentures, tooth extractions, emergency dental care, and implant services. Operating daily with flexible hours, the practice accommodates walk-ins and scheduled appointments and accepts most insurance plans with transparent pricing. Privately operated by an independent dentist under the Aspen Dental model, the office aligns with the company’s mission to improve access to dental care.
- CAVA
- Accommodation and Food Services
- 2,452 SF
- $67.94
- Triple Net
- Nov 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 3,500 SF | $50.00 | Triple Net | May 2032 | |
| CAVA | Accommodation and Food Services | 2,452 SF | $67.94 | Triple Net | Nov 2035 |
Bike Score®
Very Bikeable (79)
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Aspen Dental - CAVA | Trophy NNN | 3157 E Colonial Dr
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