Investment Property For Sale7761- 7763 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

Investment Property For Sale7761- 7763 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

PRIME RETAIL LOCATION - a few minutes to Celebration with numerous national retailers, restaurants, 45,000 hotel and resort rooms within a few minutes from property—Disney World being only a few miles away. The area received 72 million visitors in 2017.

MAJOR REVITALIZATION - underway in the area spanning new developments, including the sprawling multi-billion dollar Magic City resort, thousands of new homes and apartments, significant expansion of visitor attractions and new hotels and resorts.

PROPERTY FEATURES

• Located caddy corner to lighted intersection on Hwy US 192/Black Lake Rd.• Traffic count: Approx. 55,000 CPD• Freshly paved over-sized parking lots and excellent traffic circulation• Jumbo-sized digital pylon sign• Intense retail/restaurant synergy zone, thousands of hotel and resorts rooms, plus significant local

market• Multiple tenants

INVESTMENT HIGHLIGHTS • #3 in sales out of 500 locations nationwide• 2.2 Million in sales• Same operator since 1996• Fully leased (NNN) Retail center• Anchor Tenant: Cicis Pizza • Anchor tenant: Bonanza Miniature Golf • Timeshare Ticket Booth.• Current NOI: $520,200 annually NNN• Price: $7,400,000.00 at 7% CAP Rate

Cicis Pizza – NNN $180,000 AnnuallyBonanza Miniature Golf – NNN $300,000 AnnuallyTicket Booth - $40,200 Annually

SITE DESCRIPTION

• Access: The property has two main points of ingress and egress directly on US192 and Black Lake Rd. • Site Area: 3.56 acres (combined) Zoning: C-2 Zoning Description. The C-2 commercial zone is intended for retail com-

mercial uses. Buildings, structures, and land shall be used, and buildings and structures shall be erected, structurally al-tered, or enlarged, only for the following uses. All uses shall be subject to the property development standards set forth in Section 18.30.050. Please contact listing agent for full description.

• Sidewalks: Located along US192 between the street and parking lot of the building with a wheelchair ramp installed for pedestrians to access the parking lot in front the Cicis Pizza.

• Onsite Parking: This location has 204 units for parking within the properties’ boundaries. The entire parking lot has been paved in asphalt.

• Utilities/Service: This is Osceola County jurisdiction. Electric is provided by Duke Energy. Recycling, trash and yard waste are Osceola County.

Investment Property For Sale7761- 7763 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

Investment Property For Sale7761- 7763 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

Investment Property For Sale7761- 7763 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

This property is located less than 2 miles from the newly constructed mar-garitaville resort. a 184-room luxury resort with a lagoon-style pool and soft sand beaches, a waterpark, a relaxing spa, fitness center, entertainment, margaritaville is said to be open in 2019. With billions in new investment currently under construction or planned, Highway 192 in Kissimmee is going through one of the biggest transformations ever.

One of the most significant projects on the heavily tourist-centered road just south of Walt Disney World is the new Margaritaville Resort.

The new $750 million, 300-acre resort will open in phases. The first, an island-inspired apartment complex with 324 units, is currently leasing. The gated apartment complex features numerous luxury amenities.

- Orlando weekly

Investment Property For Sale7761- 7763 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746