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Power Plaza 6308 W Colonial Dr 28,720 SF 100% Leased Retail Building Orlando, FL 32818 $5,950,000 ($207.17/SF) 7.57% Cap Rate
Investment Highlights
- Prime Location & Visibility • Frontage on W Colonial Drive with 50,000+ VPD • Strong visibility and signage exposure
- Dense & Established Trade Area • Close to Walmart, Sam’s Club, Harbor Freight, McDonald’s, Advance Auto, and more
- Attractive Asset Features • Well-maintained multi-tenant retail center with Stable occupancy with a diverse tenant mix
- Central Orlando corridor with major commuter traffic • Access from both Colonial Drive and Powers Drive
- High residential density and strong daytime population • Proven retail corridor with steady demand
- Value-Add Opportunity • Below-market rents with clear mark-to-market upside through renewals and new leasing
Executive Summary
Franklin Street is pleased to offer Power Plaza, a multi-tenant retail center located at 6308 W Colonial Drive in Orlando. The property fronts W Colonial Drive, a primary east-west commercial corridor with strong visibility and consistent traffic counts. The surrounding trade area is supported by a concentration of national retailers including Walmart, Sam’s Club, Harbor Freight, McDonald’s, and Advance Auto Parts, which contribute to steady consumer traffic along the corridor. Power Plaza is 100% occupied with a diverse tenant mix and a history of strong occupancy. Several tenants are in place at rents below current market levels, providing in-place cash flow with the opportunity for rental growth through lease roll. The center has been well maintained and benefits from its infill location within an established retail corridor that continues to demonstrate consistent tenant demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,720 SF
Building Class
B
Year Built
2004
Price
$5,950,000
Price Per SF
$207.17
Cap Rate
7.57%
NOI
$450,597
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.30 AC
Zoning
C-1 - C-1 zoning, often referred to as Neighborhood Commercial, is a zoning designation that permits a variety of local retail and service businesses.
Parking
86 Spaces (2.99 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Rjb Christian School
- Educational Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Rjb Christian School | Educational Services | - | - | - |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
1 of 13
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Presented by
Power Plaza | 6308 W Colonial Dr
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