Shopping Community
Heartland Dental/Verizon | NNN Publix OutParcel | 6.52% CAP
16701 E Colonial Dr, Orlando, FL 32820
Listing Price: $3,260,000
Investment Overview
Marcus & Millichap is pleased to exclusively present an exceptional investment opportunity at 16701 East Colonial Dr., Orlando, FL 32820. This property spans 1.14 acres as an outparcel to the high-performing, Publix-anchored Corner Lakes Plaza, owned by Publix since 2014. Featuring NNN leases with nationally recognized tenants, including Heartland Dental (1,700+ locations) and Verizon Wireless (800+ locations), the property offers reliable rental income with minimal landlord responsibilities. ?
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The property benefits from 180 feet of prime frontage on Colonial Drive (SR 50), a high-traffic corridor with over 42,000 vehicles per day, ensuring strong visibility and easy access. Shadow anchor tenants Publix and Tractor Supply Co. drive consistent foot traffic to the site, with Publix seeing nearly 90,000 monthly visits and Tractor Supply Co. attracting close to 21,000 visits (Placer.AI, October 2024). Located just five miles from the University of Central Florida, this property is perfectly positioned to serve a large, local consumer base. Major nearby retailers include Walmart, Lowe’s, Starbucks, McDonald’s, and Walgreens, and many more. ?
Heartland Dental/Verizon | NNN Publix OutParcel | 6.52% CAP
Investment Highlights
- National Tenant Base: Secure NNN leases with Heartland Dental (1,700+ locations) and Verizon Wireless (800+ locations), providing reliable income from established brands.
- Prime Outparcel Position: Located on 1.14 acres as an outparcel to Corner Lakes Plaza, a high-traffic Publix-anchored shopping center owned by Publix since 2014.
- The property includes a transferable 15-year roof warranty, valid through May 31, 2031, potentially reducing future capital expenses.
- High Visibility: Boasts 180 feet of frontage on Colonial Drive (SR 50), with over 42,000 vehicles per day and a dedicated turn lane for easy access.
- Heavy Foot Traffic: Publix and Tractor Supply Co. draw substantial monthly visits (90,000 and 21,000 respectively, as of October 2024 via Placer.AI), boosting visibility.
- Minimal Landlord Obligations: NNN leases place CAM, insurance, tax, and management fees on tenants, ensuring low-maintenance ownership.
- Nearby Consumer Base: Located five miles from UCF, with 68,422 students, the largest campus in Florida and fourth largest in the U.S.
- Proximity to Major Destinations and retailers: Close to Walt Disney World (45 mins), Orlando International Airport (25 mins), and Universal Studios (30 mins), adding appeal for both tenants and patrons. Major nearby retailers include Walmart, Lowe's, Starbucks, McDonald's, and Walgreens, and many more.
Exclusively Listed By
Shopping Community
Heartland Dental/Verizon | NNN Publix OutParcel | 6.52% CAP
Listing Price: $3,260,000
Investment Highlights
- National Tenant Base: Secure NNN leases with Heartland Dental (1,700+ locations) and Verizon Wireless (800+ locations), providing reliable income from established brands.
- Prime Outparcel Position: Located on 1.14 acres as an outparcel to Corner Lakes Plaza, a high-traffic Publix-anchored shopping center owned by Publix since 2014.
- The property includes a transferable 15-year roof warranty, valid through May 31, 2031, potentially reducing future capital expenses.
- High Visibility: Boasts 180 feet of frontage on Colonial Drive (SR 50), with over 42,000 vehicles per day and a dedicated turn lane for easy access.
- Heavy Foot Traffic: Publix and Tractor Supply Co. draw substantial monthly visits (90,000 and 21,000 respectively, as of October 2024 via Placer.AI), boosting visibility.
- Minimal Landlord Obligations: NNN leases place CAM, insurance, tax, and management fees on tenants, ensuring low-maintenance ownership.
- Nearby Consumer Base: Located five miles from UCF, with 68,422 students, the largest campus in Florida and fourth largest in the U.S.
- Proximity to Major Destinations and retailers: Close to Walt Disney World (45 mins), Orlando International Airport (25 mins), and Universal Studios (30 mins), adding appeal for both tenants and patrons. Major nearby retailers include Walmart, Lowe's, Starbucks, McDonald's, and Walgreens, and many more.
Investment Overview
Marcus & Millichap is pleased to exclusively present an exceptional investment opportunity at 16701 East Colonial Dr., Orlando, FL 32820. This property spans 1.14 acres as an outparcel to the high-performing, Publix-anchored Corner Lakes Plaza, owned by Publix since 2014. Featuring NNN leases with nationally recognized tenants, including Heartland Dental (1,700+ locations) and Verizon Wireless (800+ locations), the property offers reliable rental income with minimal landlord responsibilities. ? ? The property benefits from 180 feet of prime frontage on Colonial Drive (SR 50), a high-traffic corridor with over 42,000 vehicles per day, ensuring strong visibility and easy access. Shadow anchor tenants Publix and Tractor Supply Co. drive consistent foot traffic to the site, with Publix seeing nearly 90,000 monthly visits and Tractor Supply Co. attracting close to 21,000 visits (Placer.AI, October 2024). Located just five miles from the University of Central Florida, this property is perfectly positioned to serve a large, local consumer base. Major nearby retailers include Walmart, Lowe’s, Starbucks, McDonald’s, and Walgreens, and many more. ?
Exclusively Listed By
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