Property tours are available by appointment ONLY. Please contact Dustin Bowersett to schedule a site tour at dustin.bowersett@colliers.com or 407-362-6155. Investment Highlights: Vacant, ±5,711 SF, Former Chili’s freestanding retail building on ±1.7 acres Huge value add opportunity through lease-up at market rates Second generation restaurant space Total Specified Consumer Spending (2016) of $393,649,000 within 5-mile radius Only ±0.4 miles from Lake Sumter State College with over 4,600 students and faculty Excellent frontage and visibility along US 441 which sees over 35,000 VPD Less than ½ mile from Via Port Mall featuring ±500,000 SF of retailers including Sears, Belk, AMC Theaters, Books A Million and Petsmart Investment Overview: This former Chili’s is a vacant, freestanding retail building located at 9925 US Highway 441 in Leesburg, FL (Orlando MSA). The Property was built in 1996, consists of a single-story, free-standing, 2nd generation restaurant building with ±5,711 GLA formerly occupied by Chili’s Bar and Grill. The building is situated on a ±1.7 AC parcel with 125 total surface parking spaces. This Property offers investors an opportunity to purchase a vacant building with a HUGE value add opportunity through full lease-up at market rates. Leesburg is located in central Florida, between Lake Harris and Lake Griffin, at the head of the Oklawaha River system. It is part of the Orlando–Kissimmee–Sanford MSA and home of Lake-Sumter State College (LSSC) with campuses also in Clermont, Florida and Sumterville. The Property is located only ±0.4 miles from Lake Sumter State College with over ±114 AC and over 4,600 students and faculty. The City of Leesburg is a full-service municipality serving a population ±21,000 and a fast-growing business community. The city also is a hub for business and economic development, attracting ±50,000 people to work each weekday. This former Chili’s has excellent frontage and visibility along US 441 which sees over 35,000 VPD. The Property is located in a heavy retail node and is located less than ½ mile from Via Port Mall featuring ±500,000 SF of retailers including Sears, Belk, AMC Theaters, Books A Million and Petsmart. Additional retailers in the area include AutoZone and Floor Factory Outlet (neighboring parcels), McDonald’s, Taco Bell, Lowe's Home Improvement, Red Lobster, Olive Garden, Trustco Bank, BB&T, PepBoys, Jenkins Nissan, and UHaul. The Property is also located ½ mile from Leesburg International Airport, ±30 minutes from The Villages, ±60 minutes from Orlando, and ±70 minutes from Orlando International Airport. This opportunity gives potential investors the ability to acquire a second generation restaurant space with huge value-add potential in a heavy retail node within the Orlando MSA.
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Retail Space
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