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Orlando Harley Davidson 3770 37th St

33,055 SF Retail Building Orlando, FL 32805 $15,600,000 ($472/SF) 5% Cap Rate

Investment Highlights

  • Hi=Profile NNN Investment
  • Second Largest Harley Davidson Operator in the Nation
  • Long-term 20 year lease in place
  • Credit Grade Tenant
  • Direct I-4 visabilty

Executive Summary

John Burpee & Associates is proud to present an iconic investment opportunity in Orland Florida. (Real Estate Sale only, Business is NOT included) Orlando Harley Davidson dealership is the tenant located at 3770 37th Street Orlando Fl 32805 is one of the most
hi-profile best performing retail locations in the entire Harley Davidson organization. With direct I-4
frontage in the heart of Orlando Florida this location receives 220,000 views per day from highway
traffic on I-4.
The current tenant HD American Road Group, LLC is the second largest Harley Davidson franchisees
in the nation with 9 Harley Davidson full dealerships, 4 separate merchandise locations as well as
several other motorsports related dealerships throughout the country. In February 2023 they signed a
new absolute 20-year NNN lease proving their commitment to the location. Current rents are
$780,000 per year until Feb 2028 with 10% escalations every 5 years thereafter.
The Orlando MSA is home to national attractions like Walt Disney World and Universal Studios, as well
as nationally recognized universities like the University of Central Florida and Full Sail University.
Orlando is home to 280,257 people and sees over 70 million tourists per year. In 2017, its 72 million
visitors made it the most visited US destination that year.
Major economic drivers to the region include the many attractions and the Research Park at UCF.
Orlando has a total Office GLA of 102,000,000 SF. The Research Park at UCF is home to many
recognizable companies such as Lockheed Martin, Siemens, Leidos, Luminar and more. Publix
Supermarkets has their headquarters in Lake - land, FL, just to the southwest of Orlando. Publix
ranked #87 on the 2020 For - tune 500 list. The area benefits from recent and ongoing developments
such as Lake Nona Town Center, Lake Nona Wave Hotel, Boxi Park, the UCF/Lake Nona Medical
Center, Creative Village, and the Under-I project which will build a community park under the I-4
bridges between Church St and Washington St.
Deal Points:
Extremely low rent-to-sales ratio
Phenomenal brand recognition
Booming Orlando Market
#1 Tourist Market in Florida
Irreplaceable visibility from I-4
Part of the Mall of Millenia Trade zone
Major $3+M renovation coming in next few years

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
33,055 SF
Building Class
B
Year Built/Renovated
2002/2022
Price
$15,600,000
Price Per SF
$472
Cap Rate
5%
NOI
$780,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
5.88 AC
Zoning
IG, County - Absolute NNN Lease with no landlord responsibilities 2nd largest Harley-Davidson operator in the nation Very strong Ebitda HD American Road guarantee
Parking
74 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
306 FT on I-4 Expy

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

Nearby Major Retailers

Krispy Krunchy Chicken
Five Guys
Navy Federal Credit Union
Thai express
BJ's Wholesale Club
CAVA
Starbucks
Pei Wei
La Madeleine Millenia Mall
TGI Fridays

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-2309-0013-00-010
Land Assessment
$980,989
Improvements Assessment
$3,713,829
Total Assessment
$4,694,818
  • Listing ID: 31939575

  • Date on Market: 5/28/2024

  • Last Updated:

  • Address: 3770 37th St, Orlando, FL 32805

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