8788 Vineland Ave - Vineland Fuel Station_Property for Sale

8788 Vineland Ave, Orlando, FL, 32821-6504, US

8788 Vineland Ave - Vineland Fuel Station

Asset Description

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.

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Attributes

Asking Price

£6,182,000

Building area Net

4,800 sf

Occupancy

100.00%

Year built

2008

Land area net

1.29 acres (56,371 sf)

Media

Investment Highlights

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.