8788 Vineland Ave, Orlando, FL 32821
4,800 SF | 100% Leased | Retail Building | Orlando, FL 32821 | $7,692,500 ($1,603/SF) | 6.81% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,692,500
- Property Type
-
Retail
- Square Feet
- 4,800 SF
- Price / Square Foot
- $1,603
Listing Contacts
John Krzyminski
Verified Profile
Max Krzyminski
Verified Profile
- Property Info
Property Overview
The US Petrol & Mexas Tacos Authentic Mexican Restaurant is a 4,800 square foot fuel station and restaurant space offered as a sale leaseback. The Property is in the heart of the Tourist Corridor in Orlando, Florida (the “Property”) with nearby proximity to Walt Disney World only a mile away. It is located less than a mile away from the Orlando Vineland Premium Outlets with over 150 stores, drawing constant traffic from shoppers, and Disney Springs, Disney World’s 120-acre shopping experience. The Subject Property grants a convenient location for those needing to fuel up at the only gas station located on Vineland Avenue. Immediate connection to area thoroughfares I-4 (211,000 VPD) and SR 535 (58,500 VPD) make accessing the fueling location or restaurant, Mexas Tacos, practical for all consumers – visitors or locals. The Disney area has become a highly appealing market for those interested in leading travel destinations and rapidly growing areas around the country.
• The US Petrol & Mexas Tacos is a sale leaseback that benefits from 250 +/- feet of road frontage on Vineland Avenue. Vineland Avenue provides advantageous connection to the Orlando Vineland Premium Outlets (nearly 800,000 monthly visits in June 2022), access to I-4 (211,000 VPD), and prime location near Walt Disney World – located only a mile away. The Orlando area benefits from nearly 76 million visitors annually.
• The Subject Property is located across the street (less than 250 feet) from three Marriott flag hotels – Courtyard, Springhill Suites, and Fairfield Inn & Suites. The combined monthly visits for June 2022 exceeded 80,000. The station furnishes access for fuel and Mexican cuisine with tenant Mexas Tacos to those staying at the Marriott properties.
• The gas station has a long-running history of successful operations at this location. It is the only station located on Vineland Avenue and is also situated on the “heading to Outlets” side of the roadway.
• High barriers to entry due to minimal green space with frontage in the nearby vicinity – this would make it difficult to develop a competing gas station in the adjacent area. 100% bonus depreciation is set to conclude at EOY 2022 for gas and convenience placed in service after 2017 making it less opportune for new fuel station development.
• The US Petrol & Mexas Tacos is a sale leaseback that benefits from 250 +/- feet of road frontage on Vineland Avenue. Vineland Avenue provides advantageous connection to the Orlando Vineland Premium Outlets (nearly 800,000 monthly visits in June 2022), access to I-4 (211,000 VPD), and prime location near Walt Disney World – located only a mile away. The Orlando area benefits from nearly 76 million visitors annually.
• The Subject Property is located across the street (less than 250 feet) from three Marriott flag hotels – Courtyard, Springhill Suites, and Fairfield Inn & Suites. The combined monthly visits for June 2022 exceeded 80,000. The station furnishes access for fuel and Mexican cuisine with tenant Mexas Tacos to those staying at the Marriott properties.
• The gas station has a long-running history of successful operations at this location. It is the only station located on Vineland Avenue and is also situated on the “heading to Outlets” side of the roadway.
• High barriers to entry due to minimal green space with frontage in the nearby vicinity – this would make it difficult to develop a competing gas station in the adjacent area. 100% bonus depreciation is set to conclude at EOY 2022 for gas and convenience placed in service after 2017 making it less opportune for new fuel station development.
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 56,192 SF
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