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12035 Colonial Drive, Orlando, FL 32826

$1,450,000
Property Type: Commercial Sale Square Footage: 4,148 Status: Closed
Current Price: $1,450,000 List Date: 4/28/2012 Last Modified: 9/28/2024

Overview

Description

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 locate

Supplements: d within this mall.Steak n Shakes existing lease offers the investor long-term stability with rental increases during the 7 years remaining on the lease.

Listing Details MLS# 530941

General Property Information

Number Of Units Total
Yes
Building Area Total
4148
Year Built
1997
Lot Size Dimensions
73529
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
-From the 408 east take the SR50 West exit, exit 22. Turn left onto SR50
Public Remarks
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 locate
List Price/SqFt
349.57
Sold Price/SqFt
349.57

Property Features

Building Features: Kitchen Facilities; Private Restroom Business Type: Restaurant Cooling: Central Air Existing Lease Type: NNN Heating: Central Road Frontage Type: County Road; Highway; State Road Sale Includes: Building & Land Utilities: Separate Electric Meters; Separate Water Meters

Contract Information

Listing Contract Date
2012-04-27
Property Sub Type
Business

Location Tax and Legal

Street Number
12035
Street Name
Colonial
Street Suffix
Drive
County
Orange
State
FL
Postal Code
32826
MLS Area Major
99 - Other

Status Change Information

Major Change Timestamp
2012-05-05T00:40:54Z
Major Change Type
Status Change
Purchase Contract Date
2012-04-27
Close Date
2012-05-02
Close Price
1450000

Historical Information

Public Historical Remarks 1
Zoning (Text): C-1; Bldg Type/Location: Free Standing; Meters: # Electric Meters: 1, # Water Meters: 1; Parking: Paved; SqFt - Total: 4148.00; Confidential Listing: N; % Occupancy: 100.00; Base Lease: 9442.00; Road Frontage: 100.00; Depth: 735.00; Commercial Property Name: Steak N Shake; Financial Package: Yes; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Tax Annual Amount
17648.4
Tax Year
2008
Tax Legal Description
See Attachment

Currently Not Used

Year Built
1997

Cooling

Central Air
Yes

Heating

Central
Yes

Road Frontage Type

County Road
Yes
Highway
Yes
State Road
Yes

Utilities

Separate Electric Meters
Yes
Separate Water Meters
Yes

Building Features

Kitchen Facilities
Yes
Private Restroom
Yes

Business Type

Restaurant
Yes

Existing Lease Type

NNN
Yes

Sale Includes

Building & Land
Yes
Listing Office: EXIT Realty Martin Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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