4760 Marigold Ave - Retail FOR SALE


Kissimmee, FL 34758
$3,300,000 USD
813-758-8797
4760 Marigold Ave, Kissimmee, FL for Sale
$3,300,000 USD
Retail - FOR SALE
1/4
null | Request Cap Rate

4760 Marigold Ave
Kissimmee, FL 34758


HIGHLIGHTS

  • New construction on a 15-year ground lease with a corporate tenant and 10% increases every 5 years. QSR with dual drive-thru lanes.
  • Population in 5 miles of 81,453 residents and projected to grow 20% in the next 5 years after quadrupling since 2000.
  • Located on Marigold Ave near Cypress Pkwy where combined traffic has grown 31% since 2020. Situated at the primary entrance to Poinciana Lakes Plaza.
  • Grocery-anchored outparcel with Sprouts coming soon and also anchored by Ross, TJ Maxx, Ulta, Burlington, Petco, Crunch Fitness, and Five Below.
  • Thousands of homes are under construction and planned in Kissimmee and Poinciana, further driving demand for retail and restaurants.
  • Poinciana Lakes Plaza is projected to attract 1.5 million customer visits annually at full tenancy. Bojangles is projected to open in December 2024.

OVERVIEW

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Bojangles (the “Property”) in Kissimmee, FL — where the population is expected to grow by 20% over the next five years. Opening in December 2024, the new corporate ground lease has attractive rent increases and renewal options, ensuring long-term security of cash flow. Positioned north of the high-traffic intersection of Marigold Ave and Cypress Pkwy (66,500 VPD), which has seen a 31% traffic increase since 2020, Bojangles is an outparcel to Poinciana Lakes Plaza — a newly constructed power center which at full tenancy is projected to attract over 1.5 million customer visit. Phase two will bring in major tenants like Sprouts Farmers Market and Ross Dress for Less, further boosting foot traffic to Bojangles. The Property is surrounded by a strong, high-income customer base, with over 81,000 residents within a 5-mile radius and an average household income of $85,000. With Osceola County’s population expected to grow 50% by 2040, the Property offers a compelling, secure, and profitable investment opportunity.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$1,041 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

12-27-28-4732-0001-0040

ASK ABOUT THIS PROPERTY

Michael BrewsterColliersMore Info
813-758-8797

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Michael BrewsterColliersMore Info
813-758-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.