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Aspen Dental - CAVA | Trophy NNN 3157 E Colonial Dr 5,952 SF 100% Leased Retail Building Orlando, FL 32803 $7,942,874 CAD ($1,334.49 CAD/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Two-Tenant Net-Lease Investment (Aspen Dental & CAVA) – New Long-Term Corporate Leases (Entirety of Term & Extensions)
- Aspen Dental – Approx. $8.4B in U.S. Annual Revenue – Subsidiary of The Aspen Group (TAG)
- Nearby Major Traffic-Generating Retailers Include: Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts
- World-Class Trophy Retail Location in Orlando, FL – Income Tax-Free State – East Colonial Dr (SR 50) with 83,000 VPD
- CAVA – S&P 400 Component (2023 IPO), $954M in Annual Revenue Trending Up
- Tenants Responsible for Taxes, Insurance, CAM, plus Management Fees (Includes Roof Warranty)
EXECUTIVE SUMMARY
Exclusively Listed in association with Brian Brockman | License No. BK3327646
We are pleased to present to qualified investors an opportunity to purchase a trophy, two-tenant net-lease property in Orlando, FL, featuring premium, corporate tenants Aspen Dental and CAVA on new long-term leases (fee simple – land & building).
This property is located at one of the most premier retail locations in the entire U.S. at the intersection of E Colonial Drive (State Route 50) and Maguire Boulevard in the heart of Orlando, FL. Adjacent to national retailers Floor & Décor (#1 in a 5 0- Mile Radius per Placer.ai), Macy’s, and Dillard’s; this site is also next to traffic draws that include Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, and Dick’s Sporting Goods.
As further testament to this class-A location, the site sees over 83,000 Cars Per Day at the signalized intersection. Additional national retailers nearby also include Planet Fitness, Crunch Fitness, LongHorn Steakhouse, Panera Bread, Chipotle, Del Taco, Olive Garden, Starbucks, Pei Wei, Chick Fil-A, Noodles and Company, Goodyear, Take 5, Firestone, Verizon, T-Mobile, Hot Topic, Sunglasses Hit, Old Navy, and Men’s Wearhouse.
Aspen Dental and CAVA provide a complementary tenant mix of medical and fast casual that supports durable income backed by corporate guarantors for the entirety of the leases, minimal management (includes a 16-year new transferable roof warranty), and long-term tenant stability in one of Florida’s most dynamic growth markets.
We are pleased to present to qualified investors an opportunity to purchase a trophy, two-tenant net-lease property in Orlando, FL, featuring premium, corporate tenants Aspen Dental and CAVA on new long-term leases (fee simple – land & building).
This property is located at one of the most premier retail locations in the entire U.S. at the intersection of E Colonial Drive (State Route 50) and Maguire Boulevard in the heart of Orlando, FL. Adjacent to national retailers Floor & Décor (#1 in a 5 0- Mile Radius per Placer.ai), Macy’s, and Dillard’s; this site is also next to traffic draws that include Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, and Dick’s Sporting Goods.
As further testament to this class-A location, the site sees over 83,000 Cars Per Day at the signalized intersection. Additional national retailers nearby also include Planet Fitness, Crunch Fitness, LongHorn Steakhouse, Panera Bread, Chipotle, Del Taco, Olive Garden, Starbucks, Pei Wei, Chick Fil-A, Noodles and Company, Goodyear, Take 5, Firestone, Verizon, T-Mobile, Hot Topic, Sunglasses Hit, Old Navy, and Men’s Wearhouse.
Aspen Dental and CAVA provide a complementary tenant mix of medical and fast casual that supports durable income backed by corporate guarantors for the entirety of the leases, minimal management (includes a 16-year new transferable roof warranty), and long-term tenant stability in one of Florida’s most dynamic growth markets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
5,952 SF
Building Class
B
Year Built
2021
Price
$7,942,874 CAD
Price Per SF
$1,334.49 CAD
Cap Rate
6%
NOI
$476,585 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.81 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
At Aspen Dental, they're dedicated to providing more people with the dental care they need, when they need it. Since 1998, they've had one mission at Aspen Dental: To make sure more Americans have access to quality dental care.
- CAVA
- Accommodation and Food Services
- 2,452 SF
- $94.79 CAD
- Triple Net
- Nov 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Health Care and Social Assistance | 3,500 SF | $69.76 CAD | Triple Net | May 2032 | |
| CAVA | Accommodation and Food Services | 2,452 SF | $94.79 CAD | Triple Net | Nov 2035 |
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-2230-6350-01-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $30,309,525 CAD |
PROPERTY TAXES
Parcel Number
20-2230-6350-01-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$30,309,525 CAD
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Aspen Dental - CAVA | Trophy NNN | 3157 E Colonial Dr
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