Brand New To Market | Rare Trophy Orlando Asset | 2Nd Largest Harley-Davidson Dealership In Nation
3770 37th St,
Orlando,
FL 32805
Description Colliers is pleased to present for sale this truly unique single-tenant, net leased, sale-leaseback of a Harley-Davidson dealership located in Orlando, Florida. The location has great visibility and is on the main auto retail corridor in Orlando as well as located immediately proximate to the Mall at Millenia. The subject is a 5.68-acre site that is improved with a 33,055-square-foot Harley-Davidson motorcycle dealership located at 3770 37th Street, Orlando, FL. The improvements were constructed in 2002 and feature showroom space and a service area. The building contains approximately 56.8% office/showroom area, 43.2% parts/service area, service bays, and 71 parking spaces. This facility is operated by HD American Road LLC, which operates 2 Harley-Davidson dealerships and 2 merchandise stores in Orlando. American Road Group LLC, the parent now operates 8 Harley-Davidson dealerships and 4 merchandise stores in 5 states. Of note, this site, per new Harley-Davidson guidelines, will undergo a multi-million-dollar renovation in a few years. The proceeds from this sale will be used to retire debt and free capital for further investment in the business. Upon close of escrow, HD American Road LLC dba Orlando Harley-Davidson will execute a twenty-year lease with four (4), five (5) year options with 7.00% increases every 5 years. This investment opportunity is being offered for sale at $13,000,000 (6.00% cap rate). Highlights Absolute NNN Lease with no landlord responsibilities 2nd largest Harley-Davidson operator in the nation Very strong Ebitda HD American Road guarantee Extremely low rent-to-sales ratio Phenomenal brand recognition Major $3+M renovation coming in next few years Prime retail corridor auto row
Contact
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Broker or Owner Contact
Jake
Gloor
,
Phone:
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
| Property ID |
979 |
| Building Size |
33593 |
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no |
| Sprinklered |
no |
| Parking Ratio |
0 |
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| Parking |
no |
| HVAC |
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Pricing
| For Sale |
yes |
| Sale Price |
13000000 |
| For Lease |
no |
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| Lease Cost |
0 |
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Geographic and Infrastructure
| Latitude |
28.5036492 |
| Longitude |
-81.4255805 |
| County |
Orange County |
| Rail Access |
no |
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Utilities
| Service to Property |
no |
| Electric Provider |
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| Gas On Site |
no |
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no |
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| Fiber Optics |
no |
| Telecom on Site |
no |
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no |
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Unused Data Points
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Active |
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13000000 |
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https://storage.googleapis.com/simplifi-dev/images/b74d1d73/brand-new-to-market-rare-trophy-orlando-asset-2nd-largest-ha-e0b163c5-thumb.jpg |
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https://storage.googleapis.com/simplifi-dev/images/b74d1d73/brand-new-to-market-rare-trophy-orlando-asset-2nd-largest-harley-davidson-de-e0b.jpg |
| image2 |
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