Pizza Hut - Orlando, FL _Property for Sale
Pizza Hut - Orlando, FL _Property for Sale
7060 International Drive, Orlando, FL, 32819, US

Pizza Hut - Orlando, FL

Asset description

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


The Property is 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
3,012 sf
Occupancy
100%
Year built
1978
Land area gross
0.72 acres

Media

Investment highlights

  • Both Properties 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.
  • High barrier to entry limiting competing businesses.


Pizza Hut - Orlando, FL  4_Property for Sale

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Pizza Hut - Orlando, FL (0 Properties)

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Last updated
Jul 10, 2024