·Parkwood Plaza at 3191 W. Colonial Drive in Orlando, Florida is in a central area.The 141,617-square-foot retail neighborhood center is ideally positioned at a signalized intersection at two of Orlando’s most dominant thoroughfares, Colonial Drive and North John Young Parkway.
·The dense daily traffic at this main and main locale is 42,000 and 56,000 cars per day, respectively. Interstate-4, Orlando’s core North-South connector, is just two miles east and boasts another 147,500 cars per day!
·Parkwood Plaza is anchored by a new, 62,944-square-foot Asian grocer, Lotte Plaza Market. The rapidly growing Lotte Plaza Market was founded in 1976 and is scheduled to open 50 locations across the U.S. by 2030.
·The center has four outparcels consisting of national brands McDonalds, KFC/Taco Bell, Korean BBQ Restaurant and Valvoline. A diverse mix of service-oriented users round out Parkwood’s roster with nail and beauty supply stores, laundry/cleaners and more. An adjoining industrial/office space is currently offered for lease, adding additional upside potential.
·The highly visible, 14.65-acre site is within an (in-fill) suburb of West Orlando, where strong daytime traffic patterns surpass 113,000 people and its total population offers 97,000 residents in just three-miles.
|Address：||3191 W Colonial Drive - Orlando, FL 32808|
|Parcel #：||21-22-29-6722-00-010 (Orange County)|
|Zoning / Use:||AC-2/W (Retail Community Center)|
|Building Size：||141,617 ± SF|
|Available SF：||2,000 - 47,930 SF|
Space can be built for: Retail, Office, Restaurant, School, Church, Gym, Warehouse
|LOT Size：||14.65 Acres|
|Traffic Count：||42,000 cars per day via Colonial - Two (2) Right In/Out Access Points|
56,000 cars per day via John Young (NEC) - One (1) Right In/Out
& John Young (East) - One (1) Right In/Out
|Highlights：||◊ New 62,944 SF anchor, Lotte Plaza Market.|
◊ Four pad sites with national brands including McDonalds, KFC/Taco Bell, and Valvoline.
◊ Dominant, signalized intersection at NWC Colonial Drive and N. John Young Parkway.
◊ Four access points with ample parking.
◊ Partially Resurfaced / restriped in 2019.
Since 1976, Lotte Plaza Market has strived to be the premier source for Asian groceries. They have grown from a single store in 1989 to 12 locations across Maryland, Virginia, and Florida. Lotte’s goal is to open 50 locations by 2030. The Lotte Mart brand serves over 100 million customers globally with operations in 95 locations within Korea and 125 locations worldwide.
McDonald’s is the world’s leading global foodservice retailer with 39,000 locations in 100+ countries. Roughly 93% are owned and operated by independent owners. McDonald’s serves a variety of menu options made with quality ingredients to nearly 25 million customers everyday. (NYSE: MCD)
Taco Bell Corp., a subsidiary of Yum! Brands, Inc., is the nation’s leading Mexican-inspired quick service restaurant brand. With over 350 franchise organizations, Taco Bell serves over 42M customers a week through +7,000 global restaurants, with plans to add 2,000 more restaurants in the next decade. (NYSE: YUM)
KFC Corporation is the world’s most popular chicken restaurant chain. KFC specializes in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken. There are over 24,000 KFC’s in 145 countries and territories around the world. KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM).
Valvoline Inc. is a leading worldwide supplier of premium branded lubricants and auto services, with sales in over 140 countries. Established in 1866, its heritage spans over 150 years and is the #3 passenger car motor oil brand in the DIY market by volume. It operates and franchises 1,400 quick-lube locations. (NYSE: VVV)
Twenty minutes from Orlando’s tourist district is the Orlando International Airport with 40+ airlines and nonstop service from 150+ destinations.
The Sanford International Airport is 18 miles northeast of Orlando and 45 minutes from the tourist district.
Amtrak provides service at its downtown station, and the “SunRail” commuter rail connects key cities along Orlando’s main corridor. In the coming years, Virgin Trains and the Florida High Speed Corridor will bring an express-rail.
Approximately 21 miles of Interstate-4 (“I-4”) will be transformed with four new Express Lanes and rebuilt interchanges and bridges.
Other main thoroughfares include US 17-92, State Road 434, State Road 436, State Road 417, State Road 429 or State Road 414.
State Road 50 (SR 50), where Parkwood Plaza is positioned along in the “West Colonial” corridor, runs directly across Florida in Orlando, with its termini at US 19 and US Route 1.
Orange County Demographics
$82,183 / Household
Osceola County Demographics
$58,946 / Household
Lake County Demographics
$68,540 / Household
Seminole County Demographics
$90,602 / Household
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