Restaurant
NNN Miller's Ale House | Above Average Sales | Orlando, FL
6141 S Semoran Blvd, Orlando, FL 32822
Listing Price: $7,750,000
Cap Rate
6.65%
Tenant Name
Miller's Ale House
Years Remaining On Lease
9.8
Guarantor
Private Guarantee
Rentable SF
10,530
Lease Type
Absolute Net
Rent Per Square Feet
$38.75
Investment Overview
Marcus & Millichap is pleased to bring to market Miller's Ale House located in Orlando, FL.
Investment Highlights
- 2004 Build-to-Suit for Miller's Ale House | 10,530-SF Building | Huge +/- 3.07 Acre Parcel |Absolute Net Lease With 10 Years Remaining | No Landlord Responsibilities | Fee Simple
- 15% Rental Increases Every 5 Years in Base Term and in Each of Two, 5-Year Renewal Options
- Company Leading Reported Sales | Incredibly Low Rent-to-Sale Ratio | Percentage Rent Provides Higher Yield Opportunity
- Extremely High Traffic Counts Along Semoran Blvd, Seeing 58,300+ Vehicles Per Day and Bent Pine Dr, Seeing 4,100 Vehicles Per Day | Semoran Blvd is the Main Traffic Artery into Orlando International Airport
- Proximity to Orlando International Airport: 2 Miles From Main Terminal A Entrance | Orlando International Sees Over 57 Million Annual Passengers | Situated Near a Hard, Signalized Corner With High Visibility and Easy Access via Dedicated Turn Lane
- Located Less Than 1 Mile From a Dense Hotel and Third Party Parking Corridor for Orlando International Airport | 20+ National Hotel Chains and Long Term Parking Locations | Located Just 17 Miles from Universal Studios Orlando and 9 Miles From Downtown Orlando
- Strong Demographics: Daytime Population Exceeds 216,700 Within 5-Miles of the Property | 5-Mile Population is Expected to Increase 5.6% by 2027
- The Orlando Metro is Expected to Add Over 225,000 People Over the Next Five Years | Orlando Tourism Contributes $333 Million Per Day to Florida's Economy
Exclusively Listed By
Restaurant
NNN Miller's Ale House | Above Average Sales | Orlando, FL
Listing Price: $7,750,000
Cap Rate
6.65%
Tenant Name
Miller's Ale House
Years Remaining On Lease
9.8
Guarantor
Private Guarantee
Rentable SF
10,530
Lease Type
Absolute Net
Rent Per Square Feet
$38.75
Investment Highlights
- 2004 Build-to-Suit for Miller's Ale House | 10,530-SF Building | Huge +/- 3.07 Acre Parcel |Absolute Net Lease With 10 Years Remaining | No Landlord Responsibilities | Fee Simple
- 15% Rental Increases Every 5 Years in Base Term and in Each of Two, 5-Year Renewal Options
- Company Leading Reported Sales | Incredibly Low Rent-to-Sale Ratio | Percentage Rent Provides Higher Yield Opportunity
- Extremely High Traffic Counts Along Semoran Blvd, Seeing 58,300+ Vehicles Per Day and Bent Pine Dr, Seeing 4,100 Vehicles Per Day | Semoran Blvd is the Main Traffic Artery into Orlando International Airport
- Proximity to Orlando International Airport: 2 Miles From Main Terminal A Entrance | Orlando International Sees Over 57 Million Annual Passengers | Situated Near a Hard, Signalized Corner With High Visibility and Easy Access via Dedicated Turn Lane
- Located Less Than 1 Mile From a Dense Hotel and Third Party Parking Corridor for Orlando International Airport | 20+ National Hotel Chains and Long Term Parking Locations | Located Just 17 Miles from Universal Studios Orlando and 9 Miles From Downtown Orlando
- Strong Demographics: Daytime Population Exceeds 216,700 Within 5-Miles of the Property | 5-Mile Population is Expected to Increase 5.6% by 2027
- The Orlando Metro is Expected to Add Over 225,000 People Over the Next Five Years | Orlando Tourism Contributes $333 Million Per Day to Florida's Economy
Investment Overview
Marcus & Millichap is pleased to bring to market Miller's Ale House located in Orlando, FL.
Exclusively Listed By
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