3898 35th St
Orlando, FL 32805
Carvana | New 20yr Abs NNN · Retail Property For Sale

The Carvana property is ideally located adjacent to Interstate 4 (159,000 VPD), a major east-west thoroughfare for the state of Florida. The asset features an 70+ foot tall “vending machine” which provides increased exposure to passing cars . The site is just 2 miles north of the Mall at Millenia (1.1M SF) anchored by Macy’s, Blomingdales, and Neiman Marcus, increasing crossover traffic in the subject trade area. Additionally, the asset is in close proximity to the Millenia Plaza power center anchored by Target and Marshalls. Other nearby national/credit tenants include Ikea, The Home Depot, Costco, Best Buy, Nordstrom Rack, Party City, and more, further increasing consumer draw to the trade area. The 5-mile trade area is supported by a population of over 278,400 residents with an average household income of $63,920. Carvana is a leading e-commerce platform for buying and selling used cars. The company is transforming the used car buying experience by giving customers a wide selection, great value and quality, transparent pricing and a simple, no pressure transaction. Using the Company’s website, customers can research and identify a vehicle, inspect it using the Company’s proprietary 360-degree vehicle imaging technology, obtain financing, purchase the vehicle, and schedule deliver or pick-up, all from their desktop or mobile devices. Purchased cars can be delivered as soon as the next day or picked up at one of Carvana’s 14 coin-operated Car Vending Machines. The Company has seen tremendous growth with 2017 Revenue of $859M and 2018 Q2 Revenue of $475M.