Description de l'actif
The US Petrol & Mexas Tacos Authentic Mexican Restaurant is a 4,800 square foot fuel station and restaurant space offered as a sale leaseback. The Property is in the heart of the Tourist Corridor in Orlando, Florida (the “Property”) with nearby proximity to Walt Disney World only a mile away. It is located less than a mile away from the Orlando Vineland Premium Outlets with over 150 stores, drawing constant traffic from shoppers, and Disney Springs, Disney World’s 120-acre shopping experience. The Subject Property grants a convenient location for those needing to fuel up at the only gas station located on Vineland Avenue. Immediate connection to area thoroughfares I-4 (211,000 VPD) and SR 535 (58,500 VPD) make accessing the fueling location or restaurant, Mexas Tacos, practical for all consumers – visitors or locals. The Disney area has become a highly appealing market for those interested in leading travel destinations and rapidly growing areas around the country.
Caractéristiques de l'actif
Média
Points clés d'investissement
- The US Petrol & Mexas Tacos is a sale leaseback that benefits from 250 +/- feet of road frontage on Vineland Avenue. Vineland Avenue provides advantageous connection to the Orlando Vineland Premium Outlets (nearly 800,000 monthly visits in June 2022), access to I-4 (211,000 VPD), and prime location near Walt Disney World – located only a mile away. The Orlando area benefits from nearly 76 million visitors annually.
- The Subject Property is located across the street (less than 250 feet) from three Marriott flag hotels – Courtyard, Springhill Suites, and Fairfield Inn & Suites. The combined monthly visits for June 2022 exceeded 80,000. The station furnishes access for fuel and Mexican cuisine with tenant Mexas Tacos to those staying at the Marriott properties.
- The gas station has a long-running history of successful operations at this location. It is the only station located on Vineland Avenue and is also situated on the “heading to Outlets” side of the roadway.
- High barriers to entry due to minimal green space with frontage in the nearby vicinity – this would make it difficult to develop a competing gas station in the adjacent area. 100% bonus depreciation is set to conclude at EOY 2022 for gas and convenience placed in service after 2017 making it less opportune for new fuel station development.
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