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10615 E Colonial Dr
Orlando, FL 32817 University

$2,421,472 USD

Freestanding For Sale  •  4,723 SF

Property Details

• Property Type Freestanding
• Total Building Size 4,723 SF
• Lot Size 0.86 AC
• Building Class C
• Year Built 1987
• Cap Rate 7.00 %
• Tenancy Single
• Zoning C-1

30 Transit Score

50 Walk Score

Highlights

Triple Net (NNN) Lease structure with the tenant responsible for taxes, insurance, and CAM, resulting in minimal landlord responsibilities.

Established cannabis tenant (Mint) operating at the location with an established footprint in Florida’s growing medical cannabis market.

Long-term lease with upside, featuring a lease expiration in September 2029 (3+ years remaining), 2, 5-year renewal options.

An additional income stream from a billboard lease generates approximately $7,460 annually, boosting overall NOI.

High-traffic Orlando corridor located on E Colonial Drive, a major retail thoroughfare with strong visibility and access.

Mint has submitted a permit for new signage at the property.

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Mint Cannabis Dispensary	4,723 SF	9/30/2029

Amenities

• Bus Line
• Pylon Sign
• Signage

Public Transportation

Airport	Drive	Walk	Distance
Orlando International	24 min	-	14.3 mi
Orlando Sanford International	27 min	-	18.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes