16701-16727 E Colonial Dr
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16701-16727 E Colonial Dr
5,800 SF 100% Leased Retail Building Orlando, FL 32820 $4,639,762 CAD ($800 CAD/SF) 6.52% Cap Rate
Investment Highlights
- NNN leases with Heartland Dental (1,700+ locations) and Verizon Wireless (800+ locations), ensuring reliable income from trusted national brands.
- The property features a transferable 15-year roof warranty valid through May 31, 2031, offering potential savings on future capital expenses.
- NNN leases shift CAM, insurance, tax, and management fees to tenants, ensuring minimal landlord obligations and low-maintenance ownership.
- Prime 1.14-acre outparcel at Publix-anchored Corner Lakes Plaza, a high-traffic center owned since 2014, offering excellent visibility.
- 180 feet of frontage on Colonial Dr (SR 50), 42K+ VPD, turn lane, and foot traffic from Publix (90K) and Tractor Supply (21K) monthly, per Placer.AI.
- 5 miles from UCF, near Disney World(45 mins), Orlando International Airport (25 mins), Universal(30 mins), and retailers like Walmart and Starbucks.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
B
Year Built
2016
Price
$4,639,762 CAD
Price Per SF
$800 CAD
Cap Rate
6.52%
NOI
$302,512 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
10 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
180 ft on E Colonial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 32-2220-1380-00-030 | Improvements Assessment | $2,636,765 CAD |
| Land Assessment | $1,029,656 CAD | Total Assessment | $3,666,421 CAD |
PROPERTY TAXES
Parcel Number
32-2220-1380-00-030
Land Assessment
$1,029,656 CAD
Improvements Assessment
$2,636,765 CAD
Total Assessment
$3,666,421 CAD
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16701-16727 E Colonial Dr
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