The subject property is strategically situated within the Alafaya Commons Shopping center with excellent access and visibility at the junction of East Colonial Drive (41,500 AADT) and North Alafaya Trail (53,000 AADT). The site benefits from robust demographics with a population of 221,938 and average household income of $76,192 within five miles of the site. The area benefits from steady population growth, with an annual rate of 1.78% since 2010 and projected annual rate of 1.63% through 2022 within three miles of the property. The area benefits from strong educational attainment; approximately 38% of residents within five miles of the site have earned a bachelor’s degree or higher, as compared to only 28% of residents statewide. The site benefits from a prominent location within a robust retail corridor and strong co-tenancy within the Alafaya Commons center. Other major tenants within the shopping center include Youfit Health Club and Sunset Christian Preparatory School, both of which draw significant additional traffic to the site on a daily basis. Other major tenants include GNC, SunTrust, U-Haul, Taco Bell, Denny’s, Popeye’s, and more. Major shopping centers neighboring the site include Alafaya Village, anchored by Hobby Lobby and Rooms to Go; Waterford Lakes Town Center, with tenants including Target, Best Buy, Michael’s, The Home Depot, Regal Cinemas, TJ Maxx, Beall’s, and more; Bridgewater Marketplace, anchored by Winn-Dixie and CVS; Town Park, with tenants including Publix and Wawa; Union Park, featuring ALDI, Dollar Tree, Harbor Freight Tools, and Aaron’s; Plaza on University, a mixed-use center featuring 1,300 student housing beds and retail tenants including Blaze Pizza, Bar Louie, BurgerFi, and more. Other major retail tenants neighboring the site include Walmart, CVS, Walgreens, At Home, Walmart Neighborhood Market, Lowe’s Home Improvement, and more. The property additionally benefits from close proximity to major employers and the University of Central Florida. The university, situated approximately 2 miles from the site, enrolls nearly 70,000 students and is among the Orlando MSA’s largest employers, with a staff of nearly 12,000. Central Florida Research Park, a 1027 acre business park, lies between the university and the site and houses a dense concentration of science, technology, research, defense, and engineering firms, drawn in part by the University’s $183+ million research budget and employing more than 10,000. Major companies located in the business park include Cisco, Siemens, Raytheon, Northrop Grumman, Mass Virtual, Inc., Fidelity Technologies, Laser Institute of America, Collins Aerospace, Redcon Solutions Group, Earthrise Space Foundation, US Geological Survey, Astronics Test Systems, Turbine Technology Services Corp, Saab Defense and Security USA, Alight Solutions, Carley Corporation, Quadrant Simulation System, Aptima, Inc., IDE, Cubic Defense Systems, the Naval Support Activity Center, the Institute for Simulation and Training, the National Center for Simulation, the National Center for Forensic Science, and more.