Miller's Ale House
641 N. Alafaya Trail | Orlando, Florida 32828
Contact Brokers
James Garner, CCIM
First Vice President InvestmentsJames.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659
Jim Shiebler, CCIM, CEC
First Vice President Investments
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780
James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834
Highlights
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Recent Extension Signed - Over 11 Years Remaining on the Base Term of the Lease
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True NNN Lease - No Landlord Responsibility
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Corporate Guarantee with 93 Locations Nationwide
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Strong Rental Increases - 15% Every 5 Years With the Next Bump Approaching in 2022
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Located on Alafaya Trail Which Sees Over 52,000 Cars per Day
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Strong Historical Unit-Level Sales Track Record at this Location with a Healthy Rent to Sales Ratio
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Owned by Parent Company, Roark Capital - An American Private Equity Firm With Over 20 Years in Operation and Over $20 Billion in Assets Under Management
Description
Marcus & Millichap is pleased to present Miller’s Ale House, a rare opportunity for an investor to purchase a truly iconic brand and trophy location in the market of Orlando, FL. The NNN lease is a corporate guarantee with 93 locations nationwide. There was a recent extension signed with over 11 years remaining on the base term of the lease. The subject property is located on Alafaya Trail which sees over 52,000 cars per day. The area has exceptional population migration and density making this a prime location with a proven track record of success.