Metro Station

2252 S Kirkman Rd, Orlando, Florida 32811

SRS Investment Properties Group is pleased to offer an investor the opportunity to acquire the fee simple interest (land & building ownership) in Metro Station, a 100% occupied, 46,163 SF, Walmart Supercenter shadow-anchored inline retail center located in Orlando, FL. The center is comprised of a healthy mix of daily needs, fitness, and food tenants such as Rainbow, Dollar Tree, CATO, Sally Beauty, Cricket Wireless, The Juicy Crab, and more. Nearly all of the tenants are on NNN leases, reimbursing for their pro-rata share of taxes, insurance, and common area maintenance, limiting expense leakage for a future owner. This offering presents the unique opportunity to acquire real estate within a major MSA with a steady, diversified rental income stream and limited short-term rollover. Metro Station is strategically located at the signalized, hard corner intersection of Metrowest Boulevard and State Highway 435/S. Kirkman Road with a combined 86,500 vehicles passing by each day. State Highway 435 serves as a direct north/south access road to Interstate 4 (183,500 VPD; 3.5 miles south), the primary freeway serving the city of Orlando and all of central Florida. The property benefits from excellent visibility and exposure as a Walmart Supercenter shadow anchored property with multiple points ingress/egress along both cross-streets. The site is positioned at the entrance to MetroWest, a 1,800-acre master-planned community, and serves as the primary shopping destination in the immediate trade area. MetroWest was developed in the 1980s and has since grown to nearly 10,000 homes, 1.4MSF of office space, and 762,500 SF of retail and restaurant space. Nearly a dozen apartment complexes surround the subject property, providing the site with a direct residential consumer base from which to draw. Moreover, Metro Station is just south of Valencia College West Campus with over 34,500 students enrolled, providing the center with a strong student consumer base. The retail center is poised to capture strong demand from the nearby area as it continues to grow and become one of the nation’s development hotbeds. Orlando is ranked as the 27th fastest growing city by the US Consensus Bureau due to its explosive growth and development in new neighborhoods. Further increasing consumer traffic in the area is Universal Orlando Resort (3.5 miles south), the second most visited theme park behind Disney World, attracting nearly 11 million visitors in 2018. Metro Station is approximately 15 miles from Disney World with popular attractions such as Epcot, the Magical Kingdom, Hollywood Studios, and the Animal Kingdom Theme Parks bringing in over 56 million visitors per year, making it the world’s most visited theme park. The 5-mile trade is supported by a population of nearly 278,000 residents with an average household income of $65,000.

Contact

Broker or Owner Contact
Britt Raymond
SRS Real Estate Partners
8343 Douglas Ave
200
Dallas, Texas 75225
Phone: 1-2145603200
britt.raymond@srsre.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID EE3711A8-53E6-4268-926B-B9A9095D975F
Building Size 47363
Site Size (acres)
Zoning AC-2
Year Built 2003
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated 2006
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.516576
Longitude -81.462278
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider OUC
Gas On Site no
Gas Provider
Water On Site no
Water Provider OUC
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider