9537 W COLONIAL DRIVE

$9,850,000

$196/sq ft

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Overview

Year Built

2000

Sqft

50215

Property Type

Retail

Property Description

Best Buy at the West Oaks Town Center, Ocoee, FL. Best Buy is a BBB+ credit rated, long-term tenant. Built in 2000, the property offers 46,112 square feet of space on a 4.03-acre lot, with 291 feet of prime frontage along West Colonial Drive. It’s in a high-visibility, high-traffic area that draws over 52,000 vehicles day. The site is well-equipped with two exterior loading docks and 191 surface parking spaces, providing convenience for shoppers. Best Buy recently renewed their lease for an additional five years, offering a reliable net operating income of $589,200 annually, with one option for another five-year extension. Located within the thriving Orlando MSA, this property is part of a vibrant retail corridor with nearby national brands, making it a high-demand investment. The area is surrounded by strong demographics, with over 233,000 residents within five miles and a median household income of more than $63,000. Additionally, the growing population and large daytime workforce in the surrounding area make this property a standout opportunity for investors.

Property Details

MLS#

J993611

Total Floor in Bldg

1

Address

9537 COLONIAL W

City

OCOEE

State/county

FL

Zip/Postal Code

34761

Area

West Oaks Towne Center 43/122

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$129,798

Maint Fee

$--

Tax Year

2024

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Boris Gelfand