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Shopping Neighborhood

LIGHTHOUSE PLAZA | IDRIVE FRONTAGE | 26K+ VPD | 7.46% PROFORMA CAP

6428 International Dr, Orlando, FL 32819

Listing Price: $8,500,000

Cap Rate
2.53%
Rentable SF
17,463
Lot Size
1.48 acres
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a value-add retail center with irreplaceable frontage along International Drive in Orlando, Florida. The property offers prominent visibility and direct access along one of the country’s most heavily visited tourism corridors, with exposure to approximately 26,000 vehicles per day. Approximately 8,317 square feet of vacant space provides immediate lease-up potential, while the fully occupied rear portion of the center provides an established income base. The current proforma includes only the lease-up of the vacant suites, with additional upside available through increasing existing rents closer to submarket asking rent of $39.82 per square foot (according to CoStar).

Suite 102 consists of a fully built-out, 3,596-square-foot restaurant and entertainment space featuring commercial hoods, a walk-in freezer and cooler, outdoor patio seating, and a second-floor entertainment area. The existing improvements significantly reduce the build-out requirements for a future operator and may help accelerate leasing. Current tenants operate under NNN leases, providing expense reimbursements and reducing the landlord’s exposure to property-level operating costs.

Additionally, a substantial portion of the roof was replaced in 2025, limiting near-term capital requirements for a future owner.
The property is surrounded by Universal Orlando Resort, Walt Disney World, SeaWorld Orlando, and other major tourism and entertainment destinations. Orlando welcomes approximately 75.3 million annual visitors, supporting consistent activity throughout the corridor. The surrounding three-mile area reports an average household income of approximately $110,203 and benefits from its proximity to the highly desirable Dr. Phillips and Windermere communities. With submarket vacancy remaining low at 2.3%, the property is well positioned to benefit from continued tenant demand and long-term growth along one of the country’s most heavily visited tourism corridors.

Investment Highlights

  • Significant Value-Add Through Lease-Up: Approximately 8,317 square feet of vacant space provides immediate lease-up potential.
  • Low Submarket Vacancy: Current submarket vacancy remains low at 2.3%.
  • 11% Population Growth in a one-mile radius over the last 5 years (According to Costar).
  • High-Visibility Vacancies Along I-Drive: The available suites benefit from direct International Drive access and visibility, while the rear portion of the center is fully occupied and provides an established income base.
  • Fully Built-Out Restaurant and Entertainment Space: Suite 102 is a 3,596-square-foot restaurant space featuring commercial hoods, a walk-in freezer/cooler, outdoor patio seating area, and a second-floor entertainment area, significantly reducing the build-out requirements for a future operator.
  • Additional Growth Potential: Current proforma only includes the lease up of vacant spaces. Further value added by pushing current rents to meet the Submarket asking rent of $39.82/SF (According to CoStar).
  • Trophy International Drive Location: Positioned along International Drive with exposure to approximately 26,000 vehicles per day, the property benefits from significant pedestrian activity and Orlando's approximately 75.3 million annual visitors.
  • Affluent Surrounding Communities: The three-mile area reports an average household income of approximately $110,203 and benefits from its proximity to the highly desirable Dr. Phillips community and affluent Windermere area.

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Shopping Neighborhood

LIGHTHOUSE PLAZA | IDRIVE FRONTAGE | 26K+ VPD | 7.46% PROFORMA CAP

Listing Price: $8,500,000

Cap Rate
2.53%
Rentable SF
17,463
Lot Size
1.48 acres
Year Built
1979

Investment Highlights

  • Significant Value-Add Through Lease-Up: Approximately 8,317 square feet of vacant space provides immediate lease-up potential.
  • Low Submarket Vacancy: Current submarket vacancy remains low at 2.3%.
  • 11% Population Growth in a one-mile radius over the last 5 years (According to Costar).
  • High-Visibility Vacancies Along I-Drive: The available suites benefit from direct International Drive access and visibility, while the rear portion of the center is fully occupied and provides an established income base.
  • Fully Built-Out Restaurant and Entertainment Space: Suite 102 is a 3,596-square-foot restaurant space featuring commercial hoods, a walk-in freezer/cooler, outdoor patio seating area, and a second-floor entertainment area, significantly reducing the build-out requirements for a future operator.
  • Additional Growth Potential: Current proforma only includes the lease up of vacant spaces. Further value added by pushing current rents to meet the Submarket asking rent of $39.82/SF (According to CoStar).
  • Trophy International Drive Location: Positioned along International Drive with exposure to approximately 26,000 vehicles per day, the property benefits from significant pedestrian activity and Orlando's approximately 75.3 million annual visitors.
  • Affluent Surrounding Communities: The three-mile area reports an average household income of approximately $110,203 and benefits from its proximity to the highly desirable Dr. Phillips community and affluent Windermere area.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a value-add retail center with irreplaceable frontage along International Drive in Orlando, Florida. The property offers prominent visibility and direct access along one of the country’s most heavily visited tourism corridors, with exposure to approximately 26,000 vehicles per day. Approximately 8,317 square feet of vacant space provides immediate lease-up potential, while the fully occupied rear portion of the center provides an established income base. The current proforma includes only the lease-up of the vacant suites, with additional upside available through increasing existing rents closer to submarket asking rent of $39.82 per square foot (according to CoStar). Suite 102 consists of a fully built-out, 3,596-square-foot restaurant and entertainment space featuring commercial hoods, a walk-in freezer and cooler, outdoor patio seating, and a second-floor entertainment area. The existing improvements significantly reduce the build-out requirements for a future operator and may help accelerate leasing. Current tenants operate under NNN leases, providing expense reimbursements and reducing the landlord’s exposure to property-level operating costs. Additionally, a substantial portion of the roof was replaced in 2025, limiting near-term capital requirements for a future owner. The property is surrounded by Universal Orlando Resort, Walt Disney World, SeaWorld Orlando, and other major tourism and entertainment destinations. Orlando welcomes approximately 75.3 million annual visitors, supporting consistent activity throughout the corridor. The surrounding three-mile area reports an average household income of approximately $110,203 and benefits from its proximity to the highly desirable Dr. Phillips and Windermere communities. With submarket vacancy remaining low at 2.3%, the property is well positioned to benefit from continued tenant demand and long-term growth along one of the country’s most heavily visited tourism corridors.

Exclusively Listed By

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