Pizza Hut, K9 Resorts & Plaza at 7052 | 7024 International Dr
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Pizza Hut, K9 Resorts & Plaza at 7052 7024 International Dr
32,677 SF Retail Building Orlando, FL 32819 $13,000,000 ($398/SF)
Investment Highlights
- Plaza at 7052 has a 2.17-year WALT, offering value-add potential at lease expiry through tenant replacement or significant rent increases for below-ma
- Pizza Hut has been a long-term tenant in the space for 47 years! The lease is guaranteed by CFL Pizza, LLC or Celebration Restaurant Group, which owns
- K9 Resorts & Pizza Hut have new 10-year NNN leases with 3% annual increases, two 5-year options, and no landlord responsibilities. Recent property imp
- Located in a prime tourist area, the Properties are surrounded by over 6,100 hotel rooms within a half-mile radius, attracting nearly 50,000 visitors
Executive Summary
JLL Capital Markets has been exclusively retained to arrange the sale of the Strip Center at 7024-7060 International Drive, K9 Resorts & Pizza Hut. The portfolio totals 32,677 square feet located on 3.88 total acres in Orlando, Florida (the "Properties") Advantageously located in the heart of the International Drive corridor, the properties affords a rare opportunity in the enticing and highly sought-after Tourist Corridor of the Orlando retail market.
The subject properties are located on International Drive, one of the most dense retail and hospitality corridors in the entire state of Florida and the greater United States, where most tenants are generally top performing locations for their respective chains. Located on the northwest corner of I-Drive & Carrier Drive, the subject property is located in the heart of the International Drive corridor, surrounded by major hospitality, multifamily and retail redevelopments.
The subject properties are located on International Drive, one of the most dense retail and hospitality corridors in the entire state of Florida and the greater United States, where most tenants are generally top performing locations for their respective chains. Located on the northwest corner of I-Drive & Carrier Drive, the subject property is located in the heart of the International Drive corridor, surrounded by major hospitality, multifamily and retail redevelopments.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
32,677 SF
Building Class
B
Year Built
1973
Price
$13,000,000
Price Per SF
$398
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
3.88 AC
Zoning
C-1
Parking
40 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 28-2325-0000-00-029 | Improvements Assessment | $244,523 |
| Land Assessment | $1,644,390 | Total Assessment | $1,888,913 |
PROPERTY TAXES
Parcel Number
28-2325-0000-00-029
Land Assessment
$1,644,390
Improvements Assessment
$244,523
Total Assessment
$1,888,913
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Pizza Hut, K9 Resorts & Plaza at 7052 | 7024 International Dr
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