2nd Largest Harley-Davidson Dealership in USA is For Sale
This ad is marked as Sold
Description: |
|
| Colliers represented the sale of this truly unique single-tenant, net leased, sale-leaseback of a Harley-Davidson dealership located in Orlando, Florida. | |
Members profile: |
|
| Advertised by: | Peter Block (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
|
| Parking Spaces Outside | 100 |
| Property is | Sold |
| Auto Use Allowed | Yes |
| Garage Spaces (put 0 if this does not apply) | 20.00 |
| Price Info | SOLD |
| Price: | $0 USD |
Buildings & Land |
|
| Property Name | Orlando Harley-Davidson |
| Property Types | Car Lot or Building, Showroom, Retail, Vehicle Related |
| Land Types | Retail |
Size & Value |
|
| Bldg. Size (Sq. Ft.) | 33,593 |
| Cap Rate | 6.00% |
| Lot/Parcel Size | 5.68 Acres |
| Other Units or Spaces: | Rent Bumps: 7% every 5 years 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). |
Use & Status |
|
| Best Property Use | This is an investment property |
Unique Sale Issues |
|
| Type of Sale | Real Estate Agency Sale |
| Tenants with Current Leases | No |
| Occupancy (in %) | 100 |
Location |
|
| Address | 3770 37th St. |
| City | Orlando |
| State | FL |
| Postal Code | 32805 |
| Country | USA |
Call Me! |
|
| Phone | +1 847 384 2840 |
| Cell Phone | +1 847 384 2844 |
| Fax | Peter Block, peter.block@colliers.com, +1- 847 384 2840; or Christian Pera christian.pera@colliers.com +1 847 384 2844 |
| Ad id: | 19744259 |
| Ad views: | 2121 |