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Shopping Strip

West Colonial Retail Plaza

7332 W Colonial Dr, Orlando, FL 32818

Listing Price: $2,960,000

Cap Rate
5.71%
Gross SF
10,900
Rentable SF
10,900
Price/Gross SF
$271.56
Lot Size
1.10 acres
Year Built
1999

Investment Overview

Marcus & Millichap is proud to exclusively market West Colonial Retail Plaza, a 10,900 square-foot retail property. Well-located three-tenant retail strip center in Orlando, Florida. 100 percent occupied by national tenants T-Mobile, WingStop and Mattress Firm. Mattress Firm kept this location with no rent reduction through its bankruptcy in 2018. Infill location with three mile population over 124,000. Excellent frontage and visibility along West Colonial Drive with traffic counts of 44,000 VPD. Surrounded by many national retailers, including Home Depot, Walmart, Ross, Marshalls and more. Significantly below market rents provide virtually no downside risk. Upside in the event that any tenant(s) do not exercise renewal options. Price point of $272 per square foot is well below average for strip centers occupied by comparable national tenants.

Investment Highlights

  • Well-located three-tenant retail strip center in Orlando, Florida
  • 100% occupied by national tenants T-Mobile, WingStop and Mattress Firm
  • Mattress Firm kept this location with no rent reduction through its bankruptcy in 2018

Exclusively Listed By

Financing By

Shopping Strip

West Colonial Retail Plaza

Listing Price: $2,960,000

Cap Rate
5.71%
Gross SF
10,900
Rentable SF
10,900
Price/Gross SF
$271.56
Lot Size
1.10 acres
Year Built
1999

Investment Highlights

  • Well-located three-tenant retail strip center in Orlando, Florida
  • 100% occupied by national tenants T-Mobile, WingStop and Mattress Firm
  • Mattress Firm kept this location with no rent reduction through its bankruptcy in 2018

Investment Overview

Marcus & Millichap is proud to exclusively market West Colonial Retail Plaza, a 10,900 square-foot retail property. Well-located three-tenant retail strip center in Orlando, Florida. 100 percent occupied by national tenants T-Mobile, WingStop and Mattress Firm. Mattress Firm kept this location with no rent reduction through its bankruptcy in 2018. Infill location with three mile population over 124,000. Excellent frontage and visibility along West Colonial Drive with traffic counts of 44,000 VPD. Surrounded by many national retailers, including Home Depot, Walmart, Ross, Marshalls and more. Significantly below market rents provide virtually no downside risk. Upside in the event that any tenant(s) do not exercise renewal options. Price point of $272 per square foot is well below average for strip centers occupied by comparable national tenants.

Exclusively Listed By

Financing By

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