Retail

3852 S Orlando Drive, Sanford, FL - La Granja

3852 S Orlando Dr, Sanford, FL, 32773-6129, US

Executive Summarydownload
3852 S Orlando Drive, Sanford, FL - La Granja_Property for Sale

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3852 S Orlando Drive, Sanford, FL - La Granja 2_Property for Sale

Asset description

La Granja is a 3,472 square foot single-tenant restaurant, an outparcel to a Harbor Freight retail shopping center, in Orlando, Florida (the “Property”). Favorably located on the corner of US 17/92, also known as Orlando Drive, and West Lake Mary Boulevard, the Property allows for convenient access to I-4 (161,500 VPD) and SR 417 (51,900 VPD). Nearby destinations include the Orlando-Sanford International Airport (less than three miles away - welcomed nearly 2.5 million passengers in 2021) and Seminole State College (one mile away - 30,000 students enrolled). The City of Sanford has grown by nearly 60% since 2000 with over 60,000 people living in the “Celery City.”

Attributes

Asking Price
$2,401,000
Building area gross
3,472 sf
Occupancy
100.00%
Year built
2007

Investment highlights

  • The Property is located on one of the main thoroughfares through Sanford (US 17/92 – 32,500 VPD) with access via a corner (West Lake Mary Boulevard – 23,500). This allows individuals to access La Granja without restrictions of right in/right out or left in/right out – providing entry/exit via a full access point.
  • Densely populated area - The substantial concentration of households, nearly 20,000 within a three-mile radius, will aid in drawing additional customers to this location.
  • Corporate guaranteed lease - A prospective buyer does not have to fear if a single-operator defaults because they are endorsed by the multi-million-dollar corporation.
  • Florida’s population grew by almost 212,000 residents between July 1, 2020, and July 1, 2021. This was the second largest gain in the nation with only Texas having a larger increase. Florida and Texas have quickly become hotspots for its no income tax attractiveness. Florida is expected to continue this trend with steady growth in the Orlando area.
3852 S Orlando Drive, Sanford, FL - La Granja 4_Property for Sale
3852 S Orlando Drive, Sanford, FL - La Granja 4_Property for Sale

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Last updated
Nov 30, 2022