Bojangles | 4760 Marigold Ave
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Bojangles 4760 Marigold Ave
3,170 SF 100% Leased Retail Building Kissimmee, FL 34758 £2,582,085 (£815/SF)
Investment Highlights
- New construction on a 15-year ground lease with a corporate tenant and 10% increases every 5 years. QSR with dual drive-thru lanes.
- Located on Marigold Ave near Cypress Pkwy where combined traffic has grown 31% since 2020. Situated at the primary entrance to Poinciana Lakes Plaza.
- Thousands of homes are under construction and planned in Kissimmee and Poinciana, further driving demand for retail and restaurants.
- Population in 5 miles of 81,453 residents and projected to grow 20% in the next 5 years after quadrupling since 2000.
- Grocery-anchored outparcel with Sprouts coming soon and also anchored by Ross, TJ Maxx, Ulta, Burlington, Petco, Crunch Fitness, and Five Below.
- Poinciana Lakes Plaza is projected to attract 1.5 million customer visits annually at full tenancy. Bojangles is projected to open in December 2024.
Executive Summary
Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Bojangles (the “Property”) in Kissimmee, FL — where the population is expected to grow by 20% over the next five years. Opening in December 2024, the new corporate ground lease has attractive rent increases and renewal options, ensuring long-term security of cash flow.
Positioned north of the high-traffic intersection of Marigold Ave and Cypress Pkwy (66,500 VPD), which has seen a 31% traffic increase since 2020, Bojangles is an outparcel to Poinciana Lakes Plaza — a newly constructed power center which at full tenancy is projected to attract over 1.5 million customer visit. Phase two will bring in major tenants like Sprouts Farmers Market and Ross Dress for Less, further boosting foot traffic to Bojangles. The Property is surrounded by a strong, high-income customer base, with over 81,000 residents within a 5-mile radius and an average household income of $85,000. With Osceola County’s population expected to grow 50% by 2040, the Property offers a compelling, secure, and profitable investment opportunity.
Positioned north of the high-traffic intersection of Marigold Ave and Cypress Pkwy (66,500 VPD), which has seen a 31% traffic increase since 2020, Bojangles is an outparcel to Poinciana Lakes Plaza — a newly constructed power center which at full tenancy is projected to attract over 1.5 million customer visit. Phase two will bring in major tenants like Sprouts Farmers Market and Ross Dress for Less, further boosting foot traffic to Bojangles. The Property is surrounded by a strong, high-income customer base, with over 81,000 residents within a 5-mile radius and an average household income of $85,000. With Osceola County’s population expected to grow 50% by 2040, the Property offers a compelling, secure, and profitable investment opportunity.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,170 SF
Year Built
2024
Price
£2,582,085
Price Per SF
£815
Percent Leased
100%
Number of Floors
1
Building FAR
0.07
Land Acres
1.03 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 12-27-28-4732-0001-0040 | Improvements Assessment | £0 |
| Land Assessment | £556,087 | Total Assessment | £556,087 |
PROPERTY TAXES
Parcel Number
12-27-28-4732-0001-0040
Land Assessment
£556,087
Improvements Assessment
£0
Total Assessment
£556,087
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Michael Brewster -
Colliers
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Bojangles | 4760 Marigold Ave
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