EL TACO NORTENO

12801 W COLONIAL DR, WINTER GARDEN FL 34787

$3,500,000

Cap Rate: %
Status: Available

Property Highlight

Premium Properties Commercial proudly presents this C-2 Zoned 3 Acres Land on W Colonial with 2 Restaurant Buildings on 1.44 Acres and 55 Parking spots and over 1.8 Acres separated vacant Land behind the Parking lot is ready to build any Retail Development in order to maximize the cash flow and add significant value to the Property.

Proforma Cash Flow prepared based on potential 10,000 sqf new retail development on vacant land at lease rate $30 PSF + $5 CAM.

– More than $78,000 Median Household Income within 3 Miles distance and high demand for variety of Retailers. Property located minutes away from Winter Garden Downtown and Ocoee Hospital and Major Retailers.

– Only a mile away from Turnpike and 429 Highway this is one of the pristine locations for Retail Development opportunity.

– Current Owner User Restaurant Business(Wings of Winter Garden) established over 20 Years ago and going to lease back from new Investor buyers for $5,000 Modify Gross Lease which is tenant will be responsible of maintenance and Landlord covers property taxes and Insurance and other Restaurant building leased since 2016 and recently exercised new 5 years extension currently paying around $4,000 NNN also Billboard lot leased for $8,000 Annually for a long term lease and potential rental increase to Billboard sign lease after end of lease terms. Also vacant buildable land can be developed and leased to potential multiple tenants that City of Winter Garden permits and maximize the potential rental income from this property and increase the value significantly. Wings of Winter Garden Business also available for any interested buyers and Owners users Business value will be negotiable confidentially.

Area Overview

-Property located More than 63,000 Population within 3 Miles Distance

-Less than a mile away from FL-429 and FL Turnpike and access to Orlando Downtown and Major attractions. -Winter Garden Downtown is full of entertainment with local and Franchise Restaurants, Bars and shops only 5 min away.

– More than 51,000 AADT on W Colonial and front of the Property surrounded by Major Retailers offers opportunity for Investors, Owner Users and Developers.

– Over $73,000 Median Household Income within 10 min driving distance.

– High Retail Demand for variety of Businesses within 10 Minutes Drive distance.