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Shopping Strip

Starbucks & Chipotle Shops | New 10-Year Leases | 2021 Construction

13925 &13935 Landstar Blvd, Orlando, FL 32824

Listing Price: $10,130,000

Cap Rate
5.15%
Gross SF
12,951
Rentable SF
12,951
Price/Gross SF
$782.18
Lot Size
3.29 acres
Year Built
2021

Investment Overview

Landstar Commons is fully leased to six diverse tenants, Starbucks, Heartland Dental, Chipotle, TN Nail and Spa LLC, Tropical Smoothie Cafe, and MD Now. Known as the “Theme Park Capital of the World,” Orlando has a thriving tourism industry, making it one of the most-visited cities in the world. Among the many theme parks in the city are Walt Disney World, Universal Studios Orlando, SeaWorld Orlando, Legoland, and Fun Spot America. Each year, visitors to Central Florida pay over $5 billion in state and local taxes alone, accounting for about half of all sales tax revenue in the area.

Investment Highlights

  • 100 Percent Leased to Diverse Tenant Profile with All Triple-Net (NNN) Leases
  • Brand New 10-Year Leases with 10 Percent Rental Increases Every Five Years (Nail Salon has Three Percent Annual Increases)
  • Site Features a Starbucks Drive-Through and a Chipotle Drive-Through - "Chipotlane" Prototype Stores Generate 20 Percent More in Sales Than Traditional Locations
  • Signalized Hard Corner Location with Excellent Visibility and Accessibility Along Landstar Boulevard (27,500+ Cars per Day)
  • Growing Trade Area in Orlando - 203,754 Residents within a Five-Mile Radius, with Households and Population Projected to Increase 18 Percent+ in the Immediate Area by 2026
  • Dense Retail Corridor Anchored by Walmart Neighborhood Market and Publix Super Market - Other Nearby Tenants Include Arby's, Walgreens, CVS, and Wendy's
  • Immediately Off SR-417 (66,500+ Cars per Day), Providing Direct Access to Walt Disney World (11 Miles)
  • 10-Minute Drive from Orlando International Airport, the Busiest Airport in the State of Florida

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Shopping Strip

Starbucks & Chipotle Shops | New 10-Year Leases | 2021 Construction

Listing Price: $10,130,000

Cap Rate
5.15%
Gross SF
12,951
Rentable SF
12,951
Price/Gross SF
$782.18
Lot Size
3.29 acres
Year Built
2021

Investment Highlights

  • 100 Percent Leased to Diverse Tenant Profile with All Triple-Net (NNN) Leases
  • Brand New 10-Year Leases with 10 Percent Rental Increases Every Five Years (Nail Salon has Three Percent Annual Increases)
  • Site Features a Starbucks Drive-Through and a Chipotle Drive-Through - "Chipotlane" Prototype Stores Generate 20 Percent More in Sales Than Traditional Locations
  • Signalized Hard Corner Location with Excellent Visibility and Accessibility Along Landstar Boulevard (27,500+ Cars per Day)
  • Growing Trade Area in Orlando - 203,754 Residents within a Five-Mile Radius, with Households and Population Projected to Increase 18 Percent+ in the Immediate Area by 2026
  • Dense Retail Corridor Anchored by Walmart Neighborhood Market and Publix Super Market - Other Nearby Tenants Include Arby's, Walgreens, CVS, and Wendy's
  • Immediately Off SR-417 (66,500+ Cars per Day), Providing Direct Access to Walt Disney World (11 Miles)
  • 10-Minute Drive from Orlando International Airport, the Busiest Airport in the State of Florida

Investment Overview

Landstar Commons is fully leased to six diverse tenants, Starbucks, Heartland Dental, Chipotle, TN Nail and Spa LLC, Tropical Smoothie Cafe, and MD Now. Known as the “Theme Park Capital of the World,” Orlando has a thriving tourism industry, making it one of the most-visited cities in the world. Among the many theme parks in the city are Walt Disney World, Universal Studios Orlando, SeaWorld Orlando, Legoland, and Fun Spot America. Each year, visitors to Central Florida pay over $5 billion in state and local taxes alone, accounting for about half of all sales tax revenue in the area.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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