Orlando, FL - El Car Wash (11052 E Colonial Dr)

Description:

20-Year Lease | Rare 2.00% Annual Increases | Signalized, Hard Corner Intersection (81,200 VPD) | Proximity to UCF (70,000+ Students) | Near Waterford Lakes Town Center (Top 2% Nationwide / 14.8 M Annual Visitors per Placer.ai) SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, El Car Wash investment property located in Orlando, Florida. The tenant, El Car Wash, has 18.5 years remaining on their initial 20-year term, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. El Car Wash is located at the signalized intersection of E. Colonial Drive / State Road 50 (60,500 VPD) and Rouse Road (20,700 VPD), with nearby access to State Highway 408 (158,500 VPD), positioning the Property along one of East Orlando’s primary retail and commuter corridors. The Property is situated within a dense regional trade area surrounded by national and regional retailers including Walmart, Target, Publix, The Home Depot, Lowe’s, BJ’s Wholesale Club, Kohl’s, Dick’s Sporting Goods, Floor & Decor, Hobby Lobby, Burlington, T.J. Maxx, Ross, Aldi, and Wawa, among others, supporting consistent consumer activity throughout the surrounding corridor. The Property also benefits from its proximity to Waterford Lakes Town Center, a major regional shopping destination with approximately 14.8 million annual visits according to Placer.ai, as well as the University of Central Florida, one of the largest universities in the country with more than 70,000 students. Established residential neighborhoods, nearby apartment communities, and a substantial daytime population further support the surrounding trade area. Within a 5-mile radius, the population totals approximately 266,195, with average household income of approximately $103,576 and approximately 142,949 employees, providing a broad customer base for the Property.

El Car Wash is located at the signalized intersection of E. Colonial Drive / State Road 50 (60,500 VPD) and Rouse Road (20,700 VPD), with nearby access to State Highway 408 (158,500 VPD), positioning the Property along one of East Orlando’s primary retail and commuter corridors. The Property is situated within a dense regional trade area surrounded by national and regional retailers including Walmart, Target, Publix, The Home Depot, Lowe’s, BJ’s Wholesale Club, Kohl’s, Dick’s Sporting Goods, Floor & Decor, Hobby Lobby, Burlington, T.J. Maxx, Ross, Aldi, and Wawa, among others, supporting consistent consumer activity throughout the surrounding corridor. The Property also benefits from its proximity to Waterford Lakes Town Center, a major regional shopping destination with approximately 14.8 million annual visits according to Placer.ai, as well as the University of Central Florida, one of the largest universities in the country with more than 70,000 students. Established residential neighborhoods, nearby apartment communities, and a substantial daytime population further support the surrounding trade area. Within a 5-mile radius, the population totals approximately 266,195, with average household income of approximately $103,576 and approximately 142,949 employees, providing a broad customer base for the Property.

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Listing ID: a28TP000003aI1XYAU