Home Up

Steak n Shake

12035 East Colonial Drive, Orlando, FL 32826

bullet
$1,760,000
bullet
4,148 SF
bullet
$424.30
bullet
Retail
bullet
Restaurant
bullet
Net Lease Investment with 7 years left on lease
bullet
7.25%
bullet
100%
bullet
1
bullet
Single
bullet
1997
bullet
1.69 AC

Listing ID  16356268

 

Description

Steak n Shake' s existing lease offers the investor long-term stability with rental increases during the 7 years remaining on the lease. Also includes adjoining parcel.

2.76 miles from the University of Central Florida Main Campus. Traffic counts of approximately 49,690 per day. Immediately surrounding the Steak n Shake are the Raddison Orlando University Hotel, University Inn Orlando, Days Inn Central Florida University, Hilton Garden Inn, and Comfort Suites. 2.17 miles to the Waterford Lakes Towne Center, a Simon Mall, which features easy access to popular retailers, including Super Target, Best Buy and T.J. Maxx. Waterford Lakes is also home to more than 100 specialty shops and ongoing entertainment in a park-like, open-air environment. You'll find more than 5 acres of lakes, fountains, and lush landscaping throughout the mall property, providing you with a calm, welcoming shopping environment. The movie Regal Cinemas 20 movie theater is also located within this mall.

bullet
Actual
bullet
$127,600
Tenant   Lease Expired  
Steak n Shake   8/1/2016   

Return to top