|Gross Leasable Area (GLA)||2,298|
|Price Per Square Foot (GLA)||$295.91|
|Lot Size||0.22 Acres|
This 2,298-square foot Xpress Lube (Orlando MSA) in Winter Garden, Florida, sits on busy West Colonial Drive at the major interchange between State Road 429 and the Florida Turnpike. Winter Garden is part of the Orlando-Kissimmee-Sanford Metropolitan area located only 14 miles west of Downtown Orlando.
The Property is surrounded by national retailers and is less than three miles from the West Oaks Mall. Some of the surrounding retailers include Mattress Firm, Walgreens, Big Lots, Taco Bell, Starbucks, Burger King and McDonald’s among others.
The asset is subject to a 20-year double-net lease with approximately 17 years remaining and one, five-year option. The rent will increase by 10 percent every five years with an increase approaching in 2016. This asset is best suited for an investor looking for a long-term passive investment with zero management responsibilities.
The city of Winter Garden has recently been an area of development for numerous large-scale communities including Johns Lake Pointe, Stoneybrook West, Stonecrest, Westfield and Wintermere Pointe. As a quiet suburb of Orlando in an ideal location less than 20 minutes to both Disney World and Downtown Orlando, Winter Garden houses a high income demographic in a growing community.