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Shopping Strip

Holiday Trail Plaza

5877 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

Listing Price: $6,835,000

Cap Rate
6.25%
Gross SF
24,635
Rentable SF
24,635
Price/Gross SF
$277.45
Lot Size
2.12 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present Holiday Trail Plaza, a 24,635 square foot strip center anchored by a New Balance Factory Store occupying 43% of the GLA and contributing 38% of current base rental income. The property is currently 100% leased offering an investor the opportunity to acquire a stabilized asset in a thriving tourist market area. The property is located in southwest Orlando Florida just 1.5 miles from Walt Disney World Corporate Offices and minutes from Disney World Parks & Resorts, SeaWorld, Universal Studios, ESPN Wide World of Sports, and other major attractions. Situated parallel to a primary retail corridor, Holiday Trail Plaza has excellent visibility with approximately 350 feet of frontage and a traffic count of 30,000 vehicles per day. The area reflects outstanding demographics with a 5-Mile population of over 63,000 and average annual household incomes of almost $97,000 in a 3-Mile radius. The local area has experienced outstanding growth of 191% since 2000. Commercial retail property fundamentals are solid with a submarket vacancy for retail properties of only 2.9% and just 1.9% for strip centers. Additionally, the submarket known as "Osceola Outlying" has demonstrated resilience in difficult market conditions with a reported 12 month rent growth of 3.8%.

Investment Highlights

  • 100% Leased Strip Center in High Growth Tourist Area
  • Parallel to Main Retail Corridor with 30,000 AADT
  • Excellent Demographics, 191% Growth and High Average HH Incomes
  • Low Submarket Vacancy of only 2.9%

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Shopping Strip

Holiday Trail Plaza

Listing Price: $6,835,000

Cap Rate
6.25%
Gross SF
24,635
Rentable SF
24,635
Price/Gross SF
$277.45
Lot Size
2.12 acres
Year Built
1998

Investment Highlights

  • 100% Leased Strip Center in High Growth Tourist Area
  • Parallel to Main Retail Corridor with 30,000 AADT
  • Excellent Demographics, 191% Growth and High Average HH Incomes
  • Low Submarket Vacancy of only 2.9%

Investment Overview

Marcus & Millichap is pleased to present Holiday Trail Plaza, a 24,635 square foot strip center anchored by a New Balance Factory Store occupying 43% of the GLA and contributing 38% of current base rental income. The property is currently 100% leased offering an investor the opportunity to acquire a stabilized asset in a thriving tourist market area. The property is located in southwest Orlando Florida just 1.5 miles from Walt Disney World Corporate Offices and minutes from Disney World Parks & Resorts, SeaWorld, Universal Studios, ESPN Wide World of Sports, and other major attractions. Situated parallel to a primary retail corridor, Holiday Trail Plaza has excellent visibility with approximately 350 feet of frontage and a traffic count of 30,000 vehicles per day. The area reflects outstanding demographics with a 5-Mile population of over 63,000 and average annual household incomes of almost $97,000 in a 3-Mile radius. The local area has experienced outstanding growth of 191% since 2000. Commercial retail property fundamentals are solid with a submarket vacancy for retail properties of only 2.9% and just 1.9% for strip centers. Additionally, the submarket known as "Osceola Outlying" has demonstrated resilience in difficult market conditions with a reported 12 month rent growth of 3.8%.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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