OFFERING MEMORANDUM 7155 S Orange Blossom Trail, Orlando - Former KFC located at 7155 S Orange Blossom Trail, Orlando - NNNPro
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REDEVELOPMENT OPPORTUNITY
Former KFC located at 7155 S
EXCLUSIVE OFFERING
Orange Blossom Trail, Orlando
OFFERING
MEMORANDUM 7155 S Orange Blossom Trail, Orlando
FL 32809
Confidentiality and Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Buyer is responsible for conducting his/her own investigation of all regarding these matters and makes no warranty or representation
Net Leased property as follows: matters affecting the intrinsic value of the property and the value whatsoever regarding the accuracy or completeness of the
of any long-term lease, including the likelihood of locating a information provided. All potential buyers must take appropriate
The information contained in this Marketing Brochure has been replacement tenant if the current tenant should default or abandon measures to verify all of the information set forth herein.
obtained from sources we believe to be reliable. However, Marcus the property, and the lease terms that Buyer may be able to
& Millichap has not and will not verify any of this information, nor negotiate with a potential replacement tenant considering the NON-ENDORSEMENT NOTICE
has Marcus & Millichap conducted any investigation regarding location of the property, and Buyer’s legal ability to make alternate
these matters. Marcus & Millichap makes no guarantee, warranty use of the property. Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”)
or representation whatsoever about the accuracy or completeness is not affiliated with, sponsored by, or endorsed by any commercial
of any information provided. By accepting this Marketing Brochure you agree to release Marcus tenant or lessee identified in this marketing package. The presence
& Millichap Real Estate Investment Services and hold it harmless of any corporation’s logo or name is not intended to indicate or
As the Buyer of a net leased property, it is the Buyer’s responsibility from any kind of claim, cost, expense, or liability arising out of your imply affiliation with, or sponsorship or endorsement by, said
to independently confirm the accuracy and completeness of all investigation and/or purchase of this net leased property. corporation of M&M, its affiliates or subsidiaries, or any agent,
material information before completing any purchase. This product, service, or commercial listing of M&M, and is solely
Marketing Brochure is not a substitute for your thorough due CONFIDENTIALITY AND DISCLAIMER included for the purpose of providing tenant lessee information
diligence investigation of this investment opportunity. Marcus & about this listing to prospective customers.
Millichap expressly denies any obligation to conduct a due diligence The information contained in the following Marketing Brochure is
examination of this Property for Buyer. proprietary and strictly confidential. It is intended to be reviewed ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE
only by the party receiving it from Marcus & Millichap and should CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Any projections, opinions, assumptions or estimates used in this not be made available to any other person or entity without the
Marketing Brochure are for example only and do not represent the written consent of Marcus & Millichap. By acceptance of this SPECIAL COVID-19 NOTICE
current or future performance of this property. The value of a net information, the recipient agrees to treat this information as strictly
leased property to you depends on factors that should be evaluated confidential, not to use it for any purpose other than in connection All potential buyers are strongly advised to take advantage of their
by you and your tax, financial and legal advisors. with an analysis of the potential sale of the property from the opportunities and obligations to conduct thorough due diligence
owner as contemplated herein and that the owner of the property and seek expert opinions as they may deem necessary, especially
Buyer and Buyer’s tax, financial, legal, and construction advisors may enforce these restrictions. This Marketing Brochure has been given the unpredictable changes resulting from the continuing
should conduct a careful, independent investigation of any net prepared to provide summary, unverified information to COVID-19 pandemic. Marcus & Millichap has not been retained to
leased property to determine to your satisfaction with the prospective purchasers, and to establish only a preliminary level of perform, and cannot conduct, due diligence on behalf of any
suitability of the property for your needs. interest in the subject property. The information contained herein prospective purchaser. Marcus & Millichap’s principal expertise is
is not a substitute for a thorough due diligence investigation. in marketing investment properties and acting as intermediaries
Like all real estate investments, this investment carries significant Marcus & Millichap has not made any investigation, and makes no between buyers and sellers. Marcus & Millichap and its investment
risks. Buyer and Buyer’s legal and financial advisors must request warranty or representation, with respect to the income or expenses professionals cannot and will not act as lawyers, accountants,
and carefully review all legal and financial documents related to the for the subject property, the future projected financial performance contractors, or engineers. All potential buyers are admonished and
property and tenant. While the tenant’s past performance at this or of the property, the size and square footage of the property and advised to engage other professionals on legal issues, tax,
other locations is an important consideration, it is not a guarantee improvements, the presence or absence of contaminating regulatory, financial, and accounting matters, and for questions
of future success. Similarly, the lease rate for some properties, substances, PCB’s or asbestos, the compliance with State and involving the property’s physical condition or financial outlook.
including newly-constructed facilities or newly-acquired locations, Federal regulations, the physical condition of the improvements Projections and pro forma financial statements are not guarantees
may be set based on a tenant’s projected sales with little or no thereon, or the financial condition or business prospects of any and, given the potential volatility created by COVID-19, all potential
record of actual performance, or comparable rents for the area. tenant, or any tenant’s plans or intentions to continue its buyers should be comfortable with and rely solely on their own
Returns are not guaranteed; the tenant and any guarantors may fail occupancy of the subject property. The information contained in projections, analyses, and decision-making.
to pay the lease rent or property taxes, or may fail to comply with this Marketing Brochure has been obtained from sources we
other material terms of the lease; cash flow may be interrupted in believe to be reliable; however, Marcus & Millichap has not
part or in whole due to market, economic, environmental or other verified, and will not verify, any of the information contained
conditions. Regardless of tenant history and lease guarantees, herein, nor has Marcus & Millichap conducted any investigation
Table of Contents Investment Highlights 4 Surrounding Area 5 Location Overview 6 Local Map 7 Regional Map 8 Property Photos 9-10 Demographics 11 Market Overview 12
Pricing & Investment Highlights
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
Property Description
Property Former KFC (Vacant)
Property Address 7155 S Orange Blossom Trail
City, State ZIP Orlando, FL 32809
Estimated Building Size (SF) 3,150
Lot Size (Acres) +/- 1.19
Purchase Price $899,000
FLORIDA
Investment Summary
Marcus and Millichap is pleased to present the exclusive
listing for the former KFC located at 7155 S Orange Blossom
Trail in Orlando, FL. The property consists of roughly 3,150
rentable square-feet and sits on approximately 1.19 acres of
land. The building will be delivered vacant at the time of the
sale.
Location Highlights
Dense Retail Corridor | Starbucks, Target, Wawa, Best Buy,
Office Depot, Ross Dress for Less, Chipotle, Walgreens,
IHOP, Taco Bell
Less Then Six Miles From Universal Orlando Resort | One
of the Most Visited Resorts in the World | Average
Attendance of 21 Million Per Year
Highly Trafficked Location | 59,500 Vehicles Per Day on
Orange Blossom Trail
4
Surrounding Area
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
REDEVELOPMENT
OPPORTUNITY
Location Overview
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
The subject investment property is situated on S Orange Blossom Trail, which has an
average daily traffic count of 59,500 vehicles. S Orange Blossom Trail is intersected by ADTC: 10,500
both Lancaster Road and Orlando Central Parkway to the north. Orlando Central Parkway
brings an additional 5,000 vehicles to the area, while Lancaster Road brings an additional
10,500 vehicles. An additional road that brings strong traffic counts to the area is Sand
Lake Road, a major thoroughfare, bringing over 61,000 vehicles. There are approximately
83,000 individuals residing within a three-mile radius of the property and 196,000
individuals within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense residential and
retail corridor consisting of national and local tenants, shopping centers, and hospitality
accommodations all within close proximity of this property. Major national tenants
include: The Home Depot, Target, Wawa, Best Buy, Office Depot, Ross Dress for Less,
Chipotle, Walgreens, IHOP, Taco Bell and many more. In addition to these numerous retail
and restaurant concepts, the subject property benefits from its close proximity to ADTC: 5,000
Universal Studios Florida, the sixth most attended theme park in the United States and
the ninth most attended theme park worldwide Orlando Health Arnold Palmer Hospital
for Children is a 158-bed pediatric hospital located just north of the subject property.
Together, the Arnold Palmer Hospital for Children and the Winnie Palmer Hospital for
Women & Babies form the Arnold Palmer Medical Center.
Orlando is a city in the state of Florida and the county seat of Orange County. Orlando is
not just home to Walt Disney World, but also offers an incredible mix of fun things to do
that make it an ideal vacationing spot for not only families but young singles, baby ADTC: 59,500
boomers, foodies, outdoor adventurous types, luxury shoppers and international visitors.
While the city was built on theme park fame, the number and variety of Orlando
attractions have grown to include world- famous restaurants, high-end outlet shopping
centers, theatrical performances, and amazing concert and sporting event venues.
Orlando is a major industrial and hi-tech center. The metro area has a $13.4 billion
technology industry employing 53,000 people and is a nationally recognized cluster of
innovation in digital media, agricultural technology, aviation, aerospace, and software
design. More than 150 international companies, representing approximately 20
countries, have facilities in Metro Orlando. Nicknamed the 'Theme Park Capital of the
World', the Orlando area is home to Walt Disney World, Universal Orlando, SeaWorld
Orlando, Legoland, and Fun Spot America Theme Parks. A record 75 million visitors came
to the Orlando region in 2018, making it the top tourist destination in the United States.
6
Local Map
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
Daytona Beach International Airport
Orlando Sanford International Airport
Orlando International Airport
Tampa International Airport
7
Regional Map
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
FLORIDA
8
Property Photos
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
9
Surrounding Area Photos
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
10Demographics
Property Address: 7155 S Orange Blossom Trail – Orlando FL 32809
1 Mile 3 Miles 5 Miles
POPULATION
2025 Projection 9,719 85,709 202,793
5 Miles 2020 Estimate 9,691 83,868 196,428
2010 Census 8,897 74,911 173,453
2000 Census 7,202 63,146 155,508
INCOME
3 Miles Average $56,338 $59,187 $66,790
Median $43,410 $40,761 $46,633
Per Capita $19,000 $22,418 $25,578
1 Mile
HOUSEHOLDS
2025 Projection 3,310 32,060 77,192
2020 Estimate 3,267 30,924 74,117
2010 Census 2,985 27,196 64,670
2000 Census 2,590 22,545 57,634
HOUSING
2020 $161,283 $179,832 $208,307
EMPLOYMENT
2020 Daytime Population 29,199 124,036 344,894
2020 Unemployment 3.23% 3.52% 3.45%
2020 Median Time Traveled 27 Mins 28 Mins 27 Mins
RACE & ETHNICITY
White 54.28% 44.31% 52.07%
Native American 0.31% 0.17% 0.15%
African American 21.18% 35.08% 30.16%
Asian/Pacific Islander 4.90% 3.74% 3.80%
11Market Overview
Orlando is the county seat of Orange County, Florida and is the center of the
Market Overview
Orlando metropolitan area, which had a population of 2,387,138, according to U.S. Census
Orlando, Florida Bureau figures released in 2016. Orlando is one of the world’s most visited tourist
destinations, with over 68 million visitors in 2016. The two most significant tourist
attractions include Walt Disney World and Universal Orlando Resort. Walt Disney World is
the area’s largest attraction with its many facets such as the Magic Kingdom, Epcot,
Disney’s Hollywood Studios, Disney’s Animal Kingdom, Typhoon Lagoon, Blizzard Beach and
Disney Springs. There are also many more tourist attractions located along International
Drive, with one of these being the famous Orlando Eye. The city is one of the busiest
American cities for conferences and conventions, containing the Orange County Convention
Center, the second-largest convention facility in the United States. According to a 2009 Pew
Research Center study, Orlando ranks as the fourth-most popular American city based on
where people want to live.
Orlando is also a prominent location for film, television and electronic gaming industries,
aided by the presence of Universal Studios, Disney’s Hollywood Studios, Full Sail University,
UCF College of Arts and Humanities, the Florida Interactive Entertainment Academy, and
other entertainment companies and schools. The U.S. modeling, simulation and training
industry is also centered on the Orlando region, with a particularly strong presence in the
Central Florida Research Park adjacent to University of Central Florida. There are also many
golf courses that can be found throughout Orlando, including the Bay Hill Club and Lodge,
which is home to the Arnold Palmer Invitational. Two major league professional sports
teams reside in Orlando, including the Orlando Magic of the National Basketball
Association, and the Orlando City Soccer Club of Major League Soccer. Orlando is home to
two non-profit hospital systems including Orlando Health and Florida Hospital. Orlando
Health’s Orlando Regional Medical Center is home to Central Florida’s only Level 1 trauma
center, and Winnie Palmer Hospital for Women and Babies and Florida Hospital Orlando
have the area’s only Level III neonatal intensive care units.
Major Employers
Employer Estimated # of Employees
Walt Disney World Resort 74,000
Advent Health 28,959
Universal Orlando Resort 25,000
Orange County Public Schools 24,629
University of Central Florida 9,476
Keiser University 1,346
Orange County Fire & Rescue 1,200
Consulate Management Co LLC 1,143
United Healthcare 753
Ctrl FL Peds 751
Pointe At Canyon Lake LP 750
12Glen Kunofsky Matthew Anuszkiewicz
Glen.Kunofsky@marcusmillichap.com Matthew.Anuszkiewicz@marcusmillichap.com
(212) 430-5115 (914) 403-7574
OFFERING MEMORANDUM
FL Broker of Record: 7155 S Orange Blossom Trail – Orlando FL
Sebastian Harris
Lic. # FL: BL3353330You can also read
