• Listing status icon

    $800,000

  • Sold 7/31/17 | MLS#: O5464954
  • 2,600Sq Ft
  • 1.98Acre

16959 E COLONIAL DR ORLANDO, FL 32820

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Overview

Established and Leased Gas/Convenience Store located in the middle of a major growth area. A true TRIPLE NET LEASE with the outstanding CIRCLE-K Corp. Located at the major intersection of East Colonial Dr. (Hwy 50) and Chuluota Rd. (419), cornered by Mc Donald's, Walgreens, Tractor Supply, Publix shopping center, BP, Burger King, 5/3 Bank and other stores. The TRUE initial CAP RATE is 7.5 % growing to 17.9% over the life of the lease with options. The initial NET INCOME stream is $145,480 per year with increases and NO COST. Four years left on the initial lease with five 5year options and two 10 year options. There is a 3 sided pole sign included in the purchase. Located at the NE corner of E. Colonial Dr and Chuluota Rd., surrounded by shopping and food service. East Colonial is planned and under construction to be widened to Six lanes. There is a new 2078 home project in permitting with in 1/8 mile and announced in the Orlando Sentinel, the 408 Toll Road is been extended to CR 520.

Listing provided courtesy of: PREMIUM PROPERTIES R.E SERVICE

General Features

  • Property Style Food/Drink Sell/Service, Retail, Service/Fueling Station
  • County Or Parish Orange
  • MLS Area Major Orlando/Bithlo
  • Tax Year 2016
  • Taxes 16727
  • Township 22
  • Year Built 1985

Building Features

  • Property Status Existing
  • Air Conditioning Central
  • Ceiling Height 8 to 9 Feet
  • Freezer Space 1
  • Heatingand Fuel Central, Fuel - Electric
  • Miscellaneous Fuel Tanks, Gas
  • Roof Built Up - TandG
  • Sq Ft Heated 2,600
  • Property Use RETAIL COMMERCIAL
  • Total Number Buildings 1

Property Features

  • Exterior Construction Block
  • Front Footage 350
  • Location Activity Core/Center, Corner Lot, Street Paved
  • Lot # 8
  • Lot Size Acres 1.98
  • Lot Size Sq Ft 86265
  • Parking 13 to 18 Spaces
  • Road Frontage State Road
  • Total Acreage One + to Two Acres
  • Utilities Electric, Private sewer, Private water, Septic Tank, Telephone
  • Transportation Access County, Frontage, State Highway

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Days on Market

  • This property was listed on the market for 81 days

Location

The property map location is: Accurate, based on Google's address match.

Walk Score

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Home Valuation

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Community Demographics for Zip Code 32820 (ORLANDO)

Housing Occupancy
  • Home Owners: 1,018 (78%)
  • Renters: 244 (19%)
  • Vacant: 42 (3%)
  • Total Housing Units: 1,304
Households
  • Average Household Size: 2.99
  • Housing Density (People per square mile): 254
Age Range (number of people)
  • Age 0-14: 813
  • Age 15-24: 527
  • Age 25-39: 759
  • Age 40-59: 874
  • Age 60-79: 674
  • Age 80+: 187
  • Total: 3,834

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 32820 (ORLANDO)

Public Schools in Zip Code 32820 (ORLANDO)

* This list of schools may not match the property above.

CORNER LAKE MIDDLE 1700 CHULUOTA RD ORLANDO, FL 32820 Phone: 4075680510 6th-8th
Grade Size Distribution
  • 6th: 461
  • 7th: 477
  • 8th: 462
School Population
  • Teachers: 84
  • Students per Teacher: 16.7
  • Students: 1400
  • Male/Female: 692/671
School District
  • ORANGE
  • 445 WEST AMELIA ST ORLANDO, FL 32801
  • Phone: 4073173202
District Population
  • Schools: 264
  • Full-Time Teachers: 10975
  • Students per Teacher: 15.7
  • Staff: 21875
  • Students: 172257
COLUMBIA ELEMENTARY 18501 CYPRESS LAKE GLYNN BLVD ORLANDO, FL 32820 Phone: 4075682921 PreK-5th
Grade Size Distribution
  • PreK: 3
  • Knd: 165
  • 1st: 166
  • 2nd: 168
  • 3rd: 200
  • 4th: 152
  • 5th: 165
School Population
  • Teachers: 64
  • Students per Teacher: 15.9
  • Students: 1019
  • Male/Female: 500/497
School District
  • ORANGE
  • 445 WEST AMELIA ST ORLANDO, FL 32801
  • Phone: 4073173202
District Population
  • Schools: 264
  • Full-Time Teachers: 10975
  • Students per Teacher: 15.7
  • Staff: 21875
  • Students: 172257

* School data provided by US Department of Education


Listing information provided in part by the IDX Program of My Florida Regional MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Data last updated on 10/22/2017 12:41 AM PST.

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* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional