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Electronics

Best Buy Outlet | Orlando MSA

9537 W Colonial Dr, Ocoee, FL 34761

Listing Price: $10,750,000

Cap Rate
5.48%
Tenant Name
Best Buy
Years Remaining On Lease
4.7
Gross SF
50,215
Guarantor
Corporate Guarantee
Rentable SF
50,215
Price/Gross SF
$214.08
Lease Type
Absolute Net
Rent Per Square Feet
$11.73

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net leased Best Buy at
the West Oaks Town Center, Ocoee, FL. Best Buy is a BBB+ credit rated, long-term tenant. Built in
2000, the property offers 46,112 square feet of space on a 4.03-acre lot, with 291 feet of prime frontage
along West Colonial Drive. It’s in a high-visibility, high-traffic area that draws over 52,000 vehicles per
day. The site is well-equipped with two exterior loading docks and 191 surface parking spaces,
providing convenience for shoppers. Best Buy recently renewed their lease for an additional five years,
offering a reliable net operating income of $589,200 annually, with one option for another five-year
extension. Located within the thriving Orlando MSA, this property is part of a vibrant retail corridor
with nearby national brands, making it a high-demand investment. The area is surrounded by strong
demographics, with over 233,000 residents within five miles and a median household income of more
than $63,000. Additionally, the growing population and large daytime workforce in the surrounding
area make this property a standout opportunity for investors.

Investment Highlights

  • Prime Location | 291 Feet Of Frontage On West Colonial Drive, With Over 52,000 VPD
  • Ample Parking | 191 Surface Parking Spaces
  • Strong Tenant Commitment | New 5-Year Extension Demonstrating Long Term Commitment
  • Reliable Tenant | BBB+ Credit Rating | Publicly Traded NYSE: BBY
  • Affluent Demographics | 233,000+ Residents Within Five Mile Radius
  • High Daytime Population | 267,370+ Employees Within 20-Minute Drive
  • Emerging Area | Ocoee, FL Expected To See 3.12% Population Increase Over The Next 5 Years
  • Only Best Buy Location Within 30 Minutes Driving Proximity

Exclusively Listed By

Financing By

Electronics

Best Buy Outlet | Orlando MSA

Listing Price: $10,750,000

Cap Rate
5.48%
Tenant Name
Best Buy
Years Remaining On Lease
4.7
Gross SF
50,215
Guarantor
Corporate Guarantee
Rentable SF
50,215
Price/Gross SF
$214.08
Lease Type
Absolute Net
Rent Per Square Feet
$11.73

Investment Highlights

  • Prime Location | 291 Feet Of Frontage On West Colonial Drive, With Over 52,000 VPD
  • Ample Parking | 191 Surface Parking Spaces
  • Strong Tenant Commitment | New 5-Year Extension Demonstrating Long Term Commitment
  • Reliable Tenant | BBB+ Credit Rating | Publicly Traded NYSE: BBY
  • Affluent Demographics | 233,000+ Residents Within Five Mile Radius
  • High Daytime Population | 267,370+ Employees Within 20-Minute Drive
  • Emerging Area | Ocoee, FL Expected To See 3.12% Population Increase Over The Next 5 Years
  • Only Best Buy Location Within 30 Minutes Driving Proximity

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net leased Best Buy at the West Oaks Town Center, Ocoee, FL. Best Buy is a BBB+ credit rated, long-term tenant. Built in 2000, the property offers 46,112 square feet of space on a 4.03-acre lot, with 291 feet of prime frontage along West Colonial Drive. It’s in a high-visibility, high-traffic area that draws over 52,000 vehicles per day. The site is well-equipped with two exterior loading docks and 191 surface parking spaces, providing convenience for shoppers. Best Buy recently renewed their lease for an additional five years, offering a reliable net operating income of $589,200 annually, with one option for another five-year extension. Located within the thriving Orlando MSA, this property is part of a vibrant retail corridor with nearby national brands, making it a high-demand investment. The area is surrounded by strong demographics, with over 233,000 residents within five miles and a median household income of more than $63,000. Additionally, the growing population and large daytime workforce in the surrounding area make this property a standout opportunity for investors.

Exclusively Listed By

Financing By

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