Powers Plaza
For sale6308 W Colonial Dr, Orlando, FL 32818
Property type
Retail
Lease rate
Negotiable
Price
$5,000,000
Cap Rate
9.53%
Building size
28,720 SF
Year built
2004
Lot size
2.30 acres
Property description
Franklin Street is pleased to offer Power Plaza, a well-located multi- Franklin Street is pleased to present Power Plaza, a multi-tenant retail center located at 6308 W Colonial Drive in Orlando. The property fronts W Colonial Drive, a primary east-west commercial corridor with strong visibility and consistent traffic counts. The surrounding trade area is supported by a concentration of national retailers including Walmart, Sam’s Club, Harbor Freight, McDonald’s, and Advance Auto Parts, which contribute to steady consumer traffic along the corridor. Power Plaza is 100% occupied with a diverse tenant mix and a history of strong occupancy. Several tenants are in place at rents below current market levels, providing in-place cash flow with the opportunity for rental growth through lease roll. The center has been well maintained and benefits from its infill location within an established retail corridor that continues to demonstrate consistent tenant demand.
Property highlights
- Prime Location & Visibility
- Frontage on W Colonial Drive with 50,000+ VPD
- Strong visibility and signage exposure
- Central Orlando corridor with major commuter traffic
- Access from both Colonial Drive and Powers Drive
- Dense & Established Trade Area
- Close to Walmart, Sam’s Club, Harbor Freight, McDonald’s, Advance Auto, and more
- High residential density and strong daytime population
- Proven retail corridor with steady demand
- Attractive Asset Features
- Well-maintained multi-tenant retail center
- Stable occupancy with a diverse tenant mix
- Consistent in-place income