Retail

3852 S Orlando Drive, Sanford, FL - La Granja

3852 S Orlando Dr Sanford, Florida United States 32773-6129
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2007
Building Area Gross
Occupancy 100.0 %

Property description

La Granja is a 3,472 square foot single-tenant restaurant, an outparcel to a Harbor Freight retail shopping center, in Orlando, Florida (the “Property”). Favorably located on the corner of US 17/92, also known as Orlando Drive, and West Lake Mary Boulevard, the Property allows for convenient access to I-4 (161,500 VPD) and SR 417 (51,900 VPD). Nearby destinations include the Orlando-Sanford International Airport (less than three miles away - welcomed nearly 2.5 million passengers in 2021) and Seminole State College (one mile away - 30,000 students enrolled). The City of Sanford has grown by nearly 60% since 2000 with over 60,000 people living in the “Celery City.”

Investment highlights

  • The Property is located on one of the main thoroughfares through Sanford (US 17/92 – 32,500 VPD) with access via a corner (West Lake Mary Boulevard – 23,500). This allows individuals to access La Granja without restrictions of right in/right out or left in/right out – providing entry/exit via a full access point.
  • Densely populated area - The substantial concentration of households, nearly 20,000 within a three-mile radius, will aid in drawing additional customers to this location.
  • Corporate guaranteed lease - A prospective buyer does not have to fear if a single-operator defaults because they are endorsed by the multi-million-dollar corporation.
  • Florida’s population grew by almost 212,000 residents between July 1, 2020, and July 1, 2021. This was the second largest gain in the nation with only Texas having a larger increase. Florida and Texas have quickly become hotspots for its no income tax attractiveness. Florida is expected to continue this trend with steady growth in the Orlando area.
Last Updated Date: 25 Aug 2022

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Last Updated Date: 25 Aug 2022

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