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Charleys 845 S Orange Blossom Trl

1,893 SF Retail Building Apopka, FL 32703 $1,952,000 ($1,031/SF) 6.25% Cap Rate

Investment Highlights

  • Attractive Rent Increases
  • Dynamic Tenant
  • Desirable Location
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Excellent Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding single tenant Charleys investment property located at 845 S Orange Blossom Trail in Apopka, Florida (the “Property”). Charleys has 8+ years remaining on its double-net lease with three (3), 5-year renewal options. The lease features attractive 3% annual rent increases throughout the primary lease term and each of the renewal options. Charleys is situated in an excellent location along S Orange Blossom Trail (US Route 441), the area’s primary commercial and commuter corridor. The Property is a pad site to Apopka Land Shopping Center, a Big Lots, Badcock Home Furniture, and Home Outlet, anchored center and is surrounded by national retailers and restaurants and densely developed residential neighborhoods that drive traffic to the area and provide a built-in customer base. Charleys offers convenient access to the area’s major roadways and Interstate 4, is close to area schools, and is 4-miles from the new AdventHealth Apopka Hospital. Apopka is approximately 12.5-miles northwest of Orlando, FL.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,893 SF
Building Class
C
Year Built
2019
Price
$1,952,000
Price Per SF
$1,031
Cap Rate
6.25%
NOI
$122,003
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.07 AC

Amenities

  • Drive Thru

Nearby Major Retailers

CFE Federal Credit Union
Rent-A-Center
Truist
Miller's Ale House
Buddy's Home Furnishings
Winn-Dixie Liquor Stores
Checkers Drive-in Restaurant
Denny's
ALDI
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-2111-0206-00-070
Land Assessment
$467,837
Improvements Assessment
$670,152
Total Assessment
$1,137,989
  • Listing ID: 34083078

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 845 S Orange Blossom Trl, Apopka, FL 32703

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