Car Dealerships for Sale or Lease

2nd Largest Harley-Davidson Dealership in USA is For Sale

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.

Full Details:
https://www.crexi.com/properties/957671/florida-harley-davidson---orlando-fl

Members profile:


Advertised by: Peter Block (click here to see full profile)
Email: Email Advertiser

Ad Details


Parking Spaces Outside 100
Property is For Sale
Garage Spaces (put 0 if this does not apply) 20.00
Auto Use Allowed Yes
Price $13,000,000 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

Website


Website https://www.crexi.com/properties/957671/florida-harley-davidson---o...

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
Region:
Ad views: 346