7456 W Colonial Dr
Orlando, FL 32818

Marcus & Millichap is pleased to present Chuck E. Cheese’s Ground Lease in Orlando, Florida. This Chuck E. Cheese’s is a corporate ground lease (CEC Entertainment, Inc.), with the tenant occupying an 11,532-square-foot building situated on 1.57 acres. Chuck E. Cheese’s was constructed in 1998 and has been in-place for twenty years, recently extending their lease at a 41 percent increase in rent showing strong commitment to the location. The recent lease extension provides five years of term remaining, with two, five-year options thereafter. Both option periods call for a fifteen percent increase in rent. Chuck E. Cheese’s is leased to absolute net terms, with zero landlord responsibilities, and reports stable and consistent sales near their percentage rent threshold. CEC Entertainment operates or franchises 608 Chuck E. Cheese’s located in 47 states and 10 foreign countries and territories. The subject property is located in Orlando, Florida, with excellent visibility along W. Colonial Drive seeing 47,000 cars per day. The demographics surrounding the property are extremely dense, with 16,832 residents located within one mile, 123,161 residents within three miles, and 255,037 residents within five miles. The population within five miles of the property has increased by nearly 12 percent since 2010, and is projected to increase another 5.6 percent by 2023. The property also benefits from its location in Orlando, Florida, a major tourist destination ranked as the third most visited city in the U.S. with 72 million visitors in 2017. Orlando is currently home to a population of over 2 million. Chuck E. Cheese’s is situated just 7 miles outside of Universal Studios, bringing in 10.1 million visitors in 2017, as well as within 20 miles of the Walt Disney World theme parks which brings in over 56 million visitors each year. The property is less than 20 miles from the Orlando International Airport, the thirteenth busiest airport in the US, and sits less than one mile off Route 408 seeing 72,070 cars daily. Multiple prominent retailers surround the property on the highly trafficked W Colonial Drive, including Walmart, Sam’s Club, Burlington Coat Factory, The Home Depot, Olive Garden, Office Depot, Ollie’s Bargain Outlet, Chili’s Bar and Grill, and many more. This offering presents the prospective purchaser with an ideal e-commerce proof investment given the ground lease with a corporate restaurant & entertainment tenant located within an extremely dense high-traffic corridor in a rapidly growing major U.S. metro.