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12181 E Colonial Dr
Orlando, FL 32826 University

$5,484,882 USD

Restaurant For Sale  •  5,473 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,432 SF
  • Lot Size 0.88 AC
  • Building Class B
  • Year Built 1992
  • Cap Rate 5.70 %
  • Tenancy Single
  • Zoning C-1
20 Transit Score
50 Walk Score

Highlights

Located along one of Orlando's most active retail corridors that has experienced substantial multifamily development and population growth
1.5% annual rent increases during the base rent term & 1st option. Subsequent options equal 95% FMV w/ 1.5% annual rent increases.
Corporate Guaranty - Brinker International (NYSE: EAT) Credit Rating "BB+" - S&P
The subject property has over 30-year operational history at this location
The property is easily accessible to downtown Orlando, the University of Central Florida, and all major submarket demand drivers in Central Florida.
Store sales at this location put this property in the top 5% of Chili's in the U.S.

Property Flyers

Cap Rate: 5.70 %

Major Tenants

Tenant SF Occupied Lease End Date
Chili's Grill & Bar 8/31/2033

Amenities

  • Dedicated Turn Lane
  • Pylon Sign

Public Transportation

AirportDriveWalkDistance
Orlando International 25 min - 16.0 mi
Orlando Sanford International 30 min - 18.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Carter Collison 407-234-4111 Collison Capital
Carter Collison 407-234-4111 Collison Capital