Property Type: Retail
Area: 13,250 SF
- 2 Story Retail Strip in Kissimmee, FL
– Minutes from Disney and Sea World
– Signalized Hard Corner
– Many National Retailers & Restaurants Nearby
– 5 Mile Population over 112,000, $61,000 Average Income
– Strong Economic Boost from Year Round Tourism
This 2 Story Strip Center offers a rare opportunity to buy real estate in the heart of Orlando’ s world famous tourist corridor. Minutes from Disney and Sea World, the property benefits from excellent real estate. The signalized hard corner location is surrounded by National Restaurants & Retailers and benefits from solid residential demographics as well as a strong economic boost from year round tourism!
The downstairs portion of the building was formerly a 7500 SF Edwin Watts Golf Store. A Pro Forma CAP Rate of 9.5% can be achieved by leasing vacant spaces at market rents. There is upside potential in dividing the 7500 SF space into smaller units and achieving rents of $18 NNN, generating an additional value of about $1,000,000 with the extra $6 SF in rent.
Fantasy Plaza offers an investor the rare opportunity to buy Value Add Real Estate on a signalized hard corner, surrounded by national retail with good demographics. World class attractions and theme parks bring 100’s of millions of dollars to the local economy and fuel continuing growth for area businesses.