SWQ of
Alafaya Trail
& Lake
Underhill Road
Orlando, Orange
County, Florida
LOCATION:
SWQ ofAlafaya Trail (SR 434) and
Lake Underhill Road
Oviedo, Seminole County, Florida
ADDRESS:
12240 Lake
Underhill Road
Orlando, FL
32828
DESCRIPTION:
This is a former
Donatos Pizza restaurant. The Property is located in the
Waterford Lake Plaza at the intersection of Alafaya Trail and
Lake Underhill Road, near Waterford Lakes Village and Waterford
Lakes Town Center. Surrounding tenants include: CVS, Lowes,
BJ’s, Walgreens, BP, 7-11, McDonalds, Wachovia, Boston Market,
Outback, Regions Bank, and a Winn-Dixie Shopping Center.
PROPERTY SIZE:
0.67± Acres
BUILDING SIZE:
2,967+ SF
LEASE RATE:
$71,500/Yr. (NNN)
[Rent increases
10% every 5 years]
LEASE TERM:
Through
4/09/2022 ; With Four (4), 5-year Option Periods
ADDITIONAL
CONSIDERATION:
To Donatos as partial reimbursement towards the value of the
existing improvements.
ZONING:
PD - C-1 Uses per Orange County
PARKING:
27 Spaces
SEATING:
94 Seats - (82 Interior ; 12 Patio)
2007 TRAFFIC
COUNT:
AADT per Orange
County Traffic Engineering
Alafaya Trail (SR 434)
56,270
(Colonial
Drive to Lake Underhill)
Lake Underhill Road
27,619
(Rouse Road
to Alafaya Trail)
2008 TAXES:
$13,337
COMMENTS:
Excellent location for fast-food,
sit down restaurant, retail, or a bank.
PARCEL ID #:
14-21-31-511-0000-0090
RESTRICTIONS:
The Property may
only be used for retail (which would include service businesses
such as banking, restaurants and office purposes).
The Property
may not be used as:
1.
A
hardware store containing more than 5,000 square feet of usable
floor area; An appliance and/or home electronics store
containing more than 5,000 square feet of usable floor area; a
lawn and garden store containing more than 3,000 square feet of
usable floor area; a paint and/or décor center containing more
than 5,000 square feet of usable floor area.
2.
Any
business which sells or dispenses from the premises prescription
drugs or any collateral use in support of a business which sells
or dispenses on premises prescription drugs.
3.
A
tavern, bar, nightclub, discotheque or any other establishment
selling alcoholic beverages for on-premises consumption;
provided, however, that the foregoing shall not prohibit the
operation of a restaurant where the sale of alcoholic beverages
therein comprises no more than fifty percent (50%) of the
restaurants gross revenues: game room; pawn shop; bingo or
electronic or other game parlor; area or space for the sale or
display of pornographic or “adult” material; an adult-type
bookstore or other establishment selling, leasing, displaying or
exhibiting pornographic materials or providing adult-type
entertainment or displays of a variety involving nudity or lewd
acts; a center for medical procedures, counseling or activities
relating to abortion, HIV, birth control or euthanasia;
provided, however, that this restriction shall not be construed
to prohibit the operation of a medical or dental office;
automobile dealership; dance hall; amusement gallery; pool room;
massage parlor; off-track betting facility; a spa, health,
sports or exercise club, a flea market; a school; a mortuary;
gas stations, filling or service stations; gas or filling
station facilities serving as ancillary facilities for other
uses; any uses that require or include underground storage
tanks.
