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Marcus & Millichap is please to present a 26,000 retail commercial plaza in busy Disney corridor on Highway 192 in Kissimmee, FL. Kissimmee is the quintessential hub of world renowned tourism, national retailers, and local attractions. Kissimmee offers the local community and visitors a taste of Florida culture and history with its historic downtown district. There are great deals on designer clothes, shoes, and accessories as well as one-of-a-kind storefronts unique to the Kissimmee area. The area effortlessly draws in a wide variety of visitors due to its proximity to the Orlando Premium Outlets, International Drive, and Disney World. The Property is situated in the heart of Kissimmee making it a great opportunity for a retail investor interested in the unique tastes of Kissimmee.
The area surrounding Sunrise Plaza is boasting with high tourism. The daily traffic count for West Vine Street is 65,402, making it a desirable area for investment. Within 1 mile of the Property, there is a population of just under 12,000 people; over 75,000 within 3 miles; and almost 146,000 within 5 miles. The area will see a projected population growth of almost 18 percent within a 1-mile radius and 16.38 percent within a 5-mile radius by the year 2025.
The Property was built in 1992, making it 29 years old. It sits on 2.87 acres of land. Sunrise Plaza has 24,088 sq. ft. of leasable space. Current tenants cater to the needs of the local neighborhood, but also draw tourists in to the unique offerings of Kissimmee. While located in the heart of Kissimmee, the Plaza will cater to the Orlando-Kissimmee-Sanford market due to the high traffic volume on West Vine Street. The Property is currently at 95% percent capacity and is being offered at 7 percent CAP as-is.
Month | Payment | Principal | Interest | Total Interest | Balance |
---|---|---|---|---|---|
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 7,525 | 59,350 | 127,700 | |
Population Median Age | 35 | 36 | 37 | |
Population by Age | 0-9 Yrs | 1156 (15%) | 8573 (14%) | 16755 (13%) |
10-19 Yrs | 886 (11%) | 7466 (12%) | 16476 (12%) | |
20-29 Yrs | 1109 (14%) | 9143 (15%) | 20219 (15%) | |
30-39 Yrs | 1252 (16%) | 9480 (15%) | 19141 (14%) | |
40-49 Yrs | 1278 (16%) | 8017 (13%) | 17106 (13%) | |
50-59 Yrs | 688 (9%) | 6206 (10%) | 15249 (11%) | |
60-69 Yrs | 706 (9%) | 5821 (9%) | 12615 (9%) | |
70+ Yrs | 449 (5%) | 4643 (7%) | 10139 (7%) | |
Median HH Income | $41,702 | $38,507 | $46,484 | |
Total Household Income | < 24K | 660 (27%) | 5838 (30%) | 9621 (23%) |
25-49K | 831 (34%) | 6389 (33%) | 11973 (29%) | |
50-74K | 453 (18%) | 3290 (17%) | 7971 (19%) | |
75-99K | 218 (8%) | 1537 (8%) | 4205 (10%) | |
100-199K | 239 (9%) | 1834 (9%) | 5531 (13%) | |
200K+ | 29 (1%) | 216 (1%) | 894 (2%) | |
Highest Education Level | No Diploma | 696 | 6341 | 11342 |
Diploma or GED | 1467 | 12439 | 25031 | |
Some College | 1208 | 8389 | 18405 | |
Assoc. Degree | 556 | 4622 | 9483 | |
Bachelors Degree | 740 | 5412 | 14452 | |
Higher Degree | 281 | 2029 | 6457 | |
Total Housing Units | 3,733 | 28,759 | 58,519 | |
--Owner-Occupied | 758 | 6,516 | 18,801 | |
--Renter-Occupied | 1,671 | 12,588 | 21,393 | |
Owner-Occupied Values | < 100K | 141 | 2039 | 3719 |
100-199K | 297 | 2029 | 6152 | |
200-299K | 165 | 1508 | 5472 | |
300-399K | 147 | 733 | 2408 | |
400-499K | 3 | 37 | 514 | |
500K+ | 5 | 169 | 536 | |
Total Working Age Population | 5,827 | 46,196 | 101,138 | |
In Work Force | 3,913 | 29,770 | 65,930 | |
Not In Work Force | 1,914 | 16,426 | 35,209 | |
Workforce Employed | 3,642 | 28,073 | 62,494 | |
Workforce Unemployed | 260 | 1,671 | 3,385 | |
Civlian Workforce | 3,902 | 29,744 | 65,880 | |
Military Workforce | 11 | 26 | 50 | |
Total Households | 2,430 | 19,104 | 40,195 | |
Family Households | 1,487 | 11,744 | 27,025 | |
Non-Family Households | 943 | 7,361 | 13,170 | |
Married Couple | 951 | 7,205 | 18,045 | |
Other Family | 536 | 4,539 | 8,980 | |
Married w/Child | 451 | 2,886 | 7,119 | |
Single Male w/Child | 20 | 242 | 629 | |
Single Female w/Child | 293 | 2,494 | 4,100 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Florida | 15,982,378 | +18 | 18,801,310 | +14 | 21,517,610 | +13 | 24,340,457 |
Lake County | 210,528 | +41 | 297,052 | +21 | 360,739 | +21 | 437,201 |
Orange County | 896,344 | +28 | 1,145,956 | +24 | 1,415,511 | +20 | 1,693,977 |
Osceola County | 172,493 | +56 | 268,685 | +42 | 380,703 | +31 | 500,204 |
Polk County | 483,924 | +24 | 602,095 | +16 | 699,589 | +15 | 807,917 |