West Marine Trophy Orlando Location

670 Lee Rd, Orlando, FL 32810

Description Marcus & Millichap is pleased to present for sale this 12,792 Square Feet West Marine Products Store located on 2.32 acres at 670 Lee Road in Orlando, Florida. The Tenant, West Marine Products, Inc. has been the premier retailer of boating, fishing and sailing gear for more than 50 years and has extended its lease in 2023 for an additional 7 years. This attractive Double Net Lease features rental increases of 11 percent in year two and 5 percent in year six of the extension. This West Marine location boasts over 35,500 annual customer visits and benefits from occupying a prominent signalized corner parcel with strong traffic volume of 43,500 vehicles per day. This property is located across Lee Road from a busy Home Depot Store and neighboring Orlando Executive Park (three-building 100,000 sf office property.) This West Marine Tenant is also exceptionally located along Lee Road/Route 423 near Interstate-4 (165,500 VPD). This West Marine Property is located in the Orlando Metro Area, which is one of the largest and fastest growing metros in Florida with a population over 2.6 million people and one of the countrys most popular tourist destinations that draw over 70 million annual visitors. The property is five-miles north of orlandos Central Business District and one-mile south of maitland Center which are two of Orlandos largest employment hubs. Florida is the boating capital of the United States and as per The Florida Fish and Wildlife Conservation Commission, has more than 1 million resgistered boating vehciles as of 2022. The West Marine Store is ideally located in an area with a heavy concentration of boaters. West Marine, Inc. has more than 240 stores located in 38 states and Puerto Rico and also boasts an e-commerce website. West Marine was acquired in April 2021 by L. Catterton which is one of the largest global consumerfocused private equity firms with extensive experience building brands. L. Catterton has over $25 Billion of equity capital across its fund startegies and 17 offices around the world. Highlights 12,792 Square Feet West Marine Property Located at 670 Lee Road in Orlando, Florida (2.6 Million People Population) and Popular Tourist Destination with 70 Million Visitors Annually Tenant West Marine Has Extended Lease in 2023 for 7 Years With Rental Increases of 11% in Year Two and 5% in Year Six of the Extension Located on Signalized Corner Parcel With 43,500 Vehicles Per Day Located Along Lee Road/Route 423 Near Interstate 4 ((165,500 Vehicles Per Day) Property is 5 Miles North of Orlando's Central Business District and One-Mile South of Mailtand Center Which are two of Orlando's Largest Employment Hubs West Marine, Inc. has More Than 240 Stores Located in 38 States and Puerto Rico and Also an e-Commerce Website Florida is a No Income Tax State

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