Shopping Neighborhood
Orange Blossom Plaza | NNN | 2024 Construction w Warranties | Annual Increases
5919 Woods Avenue, Orlando, FL, USA, Orlando, FL 32805
Listing Price: $5,000,000
Investment Overview
Marcus & Millichap is pleased to present Orange Blossom Plaza. The property is comprised of two buildings with the opportunity to host a total of three tenants. Currently, the property is 100% leased. The subject property totals approximately 10,000 rentable square feet of building space on a total estimated1.50 AC parcel of land. This unique investment opportunity has direct frontage on Orange Blossom Trail to over 60,000 vehicles per day. In addition, W Oak Ridge Road has a traffic count of over 26,000 vehicles per day.
Orlando, Florida, has a diverse and robust economy driven primarily by tourism, technology, and healthcare. The city is famous for its world-renowned theme parks, including Walt Disney World and Universal Studios, which attract millions of visitors annually. Orlando is also a significant tech hub, with a growing presence of companies in software, aerospace, and defense industries. Additionally, the healthcare sector is strong, supported by major hospitals and research institutions. The city benefits from a thriving convention and conference industry, bolstering its economic landscape. Major surrounding retailers include Dunkin, AMSCOT, Walgreens, CVS, Papa John’s, Charley’s, McDonald’s, Walmart, and many more.
Orange Blossom Plaza | NNN | 2024 Construction w Warranties | Annual Increases
Investment Highlights
- BRAND NEW CONSTRUCTION: Orange Blossom Plaza consists of Two Newly Constructed Buildings with Fresh Leases.
- TRUE NNN LEASE STRUCTURE: Tenants reimburse for Common Area Maintenance, Admin, Insurance, & Property Taxes, Including Reserves for Replacements of Major Capital Expenditures.
- HEDGE AGAINST INFLATION: 73.6% of Rent Roll has New 10-Year Leases with 3% Annual Rent Escalations (Remaining Unit has 10% Increase Every 5 Years).
- STRATEGIC LOCATION: Property is Located on Orange Blossom Trail (60,000 VPD) with access from/to Oakridge Road (26,000 VPD).
- NEW CONSTRUCTION WARRANTIES: Property is newly constructed with Roof & HVAC Warranty.
- DEMOGRAPHICS: Approximately 316,000 total population within a 5-mile radius in 2023 with projected growth by 2028 to a total population of almost 336,000.
- FLORIDA, SUNSHINE STATE: Florida is an Income Tax-Free State. Florida Chamber Foundation Predicts that Florida's population is expected to grow by another 225,000-275,000 new residents in 2024.
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Shopping Neighborhood
Orange Blossom Plaza | NNN | 2024 Construction w Warranties | Annual Increases
Listing Price: $5,000,000
Investment Highlights
- BRAND NEW CONSTRUCTION: Orange Blossom Plaza consists of Two Newly Constructed Buildings with Fresh Leases.
- TRUE NNN LEASE STRUCTURE: Tenants reimburse for Common Area Maintenance, Admin, Insurance, & Property Taxes, Including Reserves for Replacements of Major Capital Expenditures.
- HEDGE AGAINST INFLATION: 73.6% of Rent Roll has New 10-Year Leases with 3% Annual Rent Escalations (Remaining Unit has 10% Increase Every 5 Years).
- STRATEGIC LOCATION: Property is Located on Orange Blossom Trail (60,000 VPD) with access from/to Oakridge Road (26,000 VPD).
- NEW CONSTRUCTION WARRANTIES: Property is newly constructed with Roof & HVAC Warranty.
- DEMOGRAPHICS: Approximately 316,000 total population within a 5-mile radius in 2023 with projected growth by 2028 to a total population of almost 336,000.
- FLORIDA, SUNSHINE STATE: Florida is an Income Tax-Free State. Florida Chamber Foundation Predicts that Florida's population is expected to grow by another 225,000-275,000 new residents in 2024.
Investment Overview
Marcus & Millichap is pleased to present Orange Blossom Plaza. The property is comprised of two buildings with the opportunity to host a total of three tenants. Currently, the property is 100% leased. The subject property totals approximately 10,000 rentable square feet of building space on a total estimated1.50 AC parcel of land. This unique investment opportunity has direct frontage on Orange Blossom Trail to over 60,000 vehicles per day. In addition, W Oak Ridge Road has a traffic count of over 26,000 vehicles per day. Orlando, Florida, has a diverse and robust economy driven primarily by tourism, technology, and healthcare. The city is famous for its world-renowned theme parks, including Walt Disney World and Universal Studios, which attract millions of visitors annually. Orlando is also a significant tech hub, with a growing presence of companies in software, aerospace, and defense industries. Additionally, the healthcare sector is strong, supported by major hospitals and research institutions. The city benefits from a thriving convention and conference industry, bolstering its economic landscape. Major surrounding retailers include Dunkin, AMSCOT, Walgreens, CVS, Papa John’s, Charley’s, McDonald’s, Walmart, and many more.
Exclusively Listed By
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