Close of Escrow: Hooters in Orlando, FL

Close of Escrow: Hooters in Orlando, FL

SIG is pleased to announce the recent Close of Escrow on Hooters located in Orlando, Florida.

Investment Highlights Include:

  • Absolute Triple Net Lease (NNN) with Over 9 Years Remaining
  • 10% Rental Increases Every 5 Years with Four (4) x Five (5) Year Options to Renew
  • Tenant Exercised Early Lease Extension Showing Long Term Commitment to Site
  • Excellent Traffic Counts of 82,000+ VPD at S. Kirkman Rd / Vineland Rd and Over 158,000 VPD Along I-4
  • Orlando’s Economy Benefits From A Globally-Recognized Tourism Industry That Sees 66 Million Visitors Annually
  • 2 Miles From The Mall At Millenia, IKEA, Best Buy, Costco, Walgreens and Target
  • 1 Mile From Universal Orlando, The Wizarding World Of Harry Potter and Several National Chain Hotels
  • 13 Miles to Walt Disney World Resort (Magic Kingdom Park and Epcot)
  • Surrounding Restaurants Include: Taco Bell, KFC, IHOP, Waffle House, McDonald’s and Wendy’s
  • 3 Miles From Coca-Cola Orlando Eye, The Tallest Observation Wheel on the United States East Coast
  • Central Florida Research Park is the 7th Largest Research Park in the Country With Over 1,025 Acres and Home to Over 120 Companies, Employs More Than 8,500 People and the Hub of the Nation’s Military Simulation and Training Programs

Closing Price: $2,869,000
Closing CAP:  5.75%

Listing Agents: Elan Sieder and Max Freedman

For More Information Contact:

Elan Sieder
Lic #678407

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