Pizza Hut & Buffalo Wild Wings_Property for Sale

Orlando, FL, US, Americas

Pizza Hut & Buffalo Wild Wings

Portfolio description

JLL Capital Markets has been exclusively retained to arrange the sale of Pizza Hut and Buffalo Wild Wings. Pizza Hut is a 3,012+/- square foot, single-tenant retail building located on 0.72 acres, and the adjacent Buffalo Wild Wings is a 5,187+/- square foot, single-tenant retail building sitting on 0.73 acres in Orlando, Florida (the “Properties”). Advantageously located in the heart of the International Drive corridor, the Properties afford a rare opportunity in the enticing and highly sought-after Tourist Corridor of the Orlando retail market.

The 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 just North of Carrier Blvd, the subject property is located in the heart of the International Drive corridor, surrounded by major hospitality, multifamily and retail redevelopments.

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Attributes

Building area gross

762 m²

Land area gross

0.59 ha

Lease type

Absolute Triple Net

Pizza Hut & Buffalo Wild Wings (2 Properties)

Media

Investment Highlights

Pizza Hut and Buffalo Wild Wings boast long-term operating history and are undergoing renovations.
New 10-year NNN lease extensions with favorable rent increases and no LL responsibilities.
Buffalo Wild Wings is corporately guaranteed, Pizza Hut is backed by large strong, local-focused franchisee.
The adjacent Properties combine for 260 feet of frontage along International Drive (25,000 VPD).
Over 6,100 hotel rooms surround the Properties within a half-mile radius and over 60,000 within 3-mile radius.
8.12% projected population growth within 3 miles, earning a $110K average household income.

Universal’s Epic Universe to create 14,000 jobs upon 2025 completion.
Tremendous amount of redevelopment immediately surrounding the Subject Property.
High barrier to entry limiting competing businesses.
Orlando welcomed over 74 million visitors in 2022.
Florida comprises 5.85% of the U.S. GDP as the nation’s 4^th largest economy.
Orlando added 26,700 private sector jobs in 2023 with a 3.0% unemployment rate.