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Steak 'n Shake 7101 W Colonial Dr 3,630 SF Retail Building Orlando, FL 32818 $3,051,175 CAD ($840.54 CAD/SF) 6% Cap Rate
Executive Summary
Surmount is pleased to present the exclusive listing for a Steak 'n Shake located at 7101 West Colonial Drive, Orlando, FL 32818. The site consists of roughly 3,630 rentable square feet of building space on an estimated 1.15-acre parcel of land. Steak 'n Shake is subject to a 33-year Triple Net (NNN) lease, which commenced 4.13.1998. The current annual rent is $134,587.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,630 SF
Building Class
B
Year Built
1996
Price
$3,051,175 CAD
Price Per SF
$840.54 CAD
Cap Rate
6%
NOI
$183,071 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Frontage
134’ on Colonial Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-2228-2549-00-030 | Improvements Assessment | $899,252 CAD |
| Land Assessment | $1,213,179 CAD | Total Assessment | $2,112,431 CAD |
Property Taxes
Parcel Number
23-2228-2549-00-030
Land Assessment
$1,213,179 CAD
Improvements Assessment
$899,252 CAD
Total Assessment
$2,112,431 CAD
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Steak 'n Shake | 7101 W Colonial Dr
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