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Restaurant

Miller's Ale House

641 N Alafaya Trail, Orlando, FL 32828

Listing Price: $6,830,000

Cap Rate
5.25%
Tenant Name
Miller's Ale House, Inc.
Years Remaining On Lease
11.2
Guarantor
Corporate Guarantee
Rentable SF
8,904
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.28

Investment Overview

Marcus & Millichap is pleased to present Miller’s Ale House, a rare opportunity for an investor to purchase a truly iconic brand and trophy location in the market of Orlando, FL. The NNN lease is a corporate guarantee with 93 locations nationwide. There was a recent extension signed with over 11 years remaining on the base term of the lease. The subject property is located on Alafaya Trail which sees over 52,000 cars per day. The area has exceptional population migration and density making this a prime location with a proven track record of success.

Investment Highlights

  • Recent Extension Signed - Over 11 Years Remaining on the Base Term of the Lease
  • True NNN Lease - No Landlord Responsibility
  • Corporate Guarantee with 93 Locations Nationwide
  • Strong Rental Increases - 15% Every 5 Years With the Next Bump Approaching in 2022
  • Located on Alafaya Trail Which Sees Over 52,000 Cars per Day
  • Strong Historical Unit-Level Sales Track Record at this Location with a Healthy Rent to Sales Ratio
  • Owned by Parent Company, Roark Capital - An American Private Equity Firm With Over 20 Years in Operation and Over $20 Billion in Assets Under Management

Exclusively Listed By

Listing Price: $6,830,000

Cap Rate
5.25%
Tenant Name
Miller's Ale House, Inc.
Years Remaining On Lease
11.2
Guarantor
Corporate Guarantee
Rentable SF
8,904
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.28

Investment Highlights

  • Recent Extension Signed - Over 11 Years Remaining on the Base Term of the Lease
  • True NNN Lease - No Landlord Responsibility
  • Corporate Guarantee with 93 Locations Nationwide
  • Strong Rental Increases - 15% Every 5 Years With the Next Bump Approaching in 2022
  • Located on Alafaya Trail Which Sees Over 52,000 Cars per Day
  • Strong Historical Unit-Level Sales Track Record at this Location with a Healthy Rent to Sales Ratio
  • Owned by Parent Company, Roark Capital - An American Private Equity Firm With Over 20 Years in Operation and Over $20 Billion in Assets Under Management

Investment Overview

Marcus & Millichap is pleased to present Miller’s Ale House, a rare opportunity for an investor to purchase a truly iconic brand and trophy location in the market of Orlando, FL. The NNN lease is a corporate guarantee with 93 locations nationwide. There was a recent extension signed with over 11 years remaining on the base term of the lease. The subject property is located on Alafaya Trail which sees over 52,000 cars per day. The area has exceptional population migration and density making this a prime location with a proven track record of success.

Exclusively Listed By

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