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7344 W Colonial Dr
Orlando, FL 32818
IHOP · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,613 SF
Building Class
B
Year Built/Renovated
1999/2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.06 AC
Zoning
PD
Parking
111 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
143’ on Colonial Dr

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

About 7344 W COLONIAL DR , ORLANDO, FL 32818

STRATEGIC LOCATION Explosive Population Growth – Since 2010, the population has grown over 15.78% in a 5-mile radius, currently boasting approximately 268,761 individuals. Strong Retail Corridor – Surrounding national retailers include: The Home Depot, Sam’s Club, Walmart, Burlington, Dollar Tree, Olive Garden, Chili’s, Steak N’ Shake, Holiday Inn, and many more Globally Recognized Tourism – Orlando’s tourism industry draws over 68 million visitors annually and has an economic impact of $50+ billion Universal Studios – This restaurant is located just over 7-miles from Universal Studios Orlando, which ranks as the sixth most attended theme park in the United States and the ninth most attended theme park worldwide; with an estimated 10,198,000 visitors annually STABLE INVESTMENT Absolute NNN Lease – ZERO Landlord Responsibilities – Ideal for out of state investors Below Market Rent – Increases investor’s security through having the ability to possibly increase value during any future repositioning scenario Growing Cash Flow – Lease contains 1.00% Annual rental increases Recent Construction – The subject property was built in 2015, limiting necessity for future renovations by tenant LEADING CASUAL DINING CONCEPT Top IHOP Operator - Sunshine Restaurant Partners is an affiliate of Argonne Capital Group, which through its four partnerships is the largest IHOP franchisee with nearly 300 restaurants across the United States. Argonne Capital Group employees 32,000 people and has grown to over $1.6 billion in annual sales Sunshine Restaurant Partners has over 150 locations in Florida and Southern Georgia with a vision to expand to 250 locations in the coming years.

Property Taxes

Property Taxes

Parcel Number
26-2228-2139-04-000
Land Assessment
$1,244,074
Improvements Assessment
$996,780
Total Assessment
$2,240,854
  • Listing ID: 16262127

  • Date on Market: 6/6/2019

  • Last Updated:

  • Address: 7344 W Colonial Dr, Orlando, FL 32818

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