Orlando Trophy NNN | Kirkman & I‑Drive Tourist Area
Freestanding Trophy 4,848 SF NNN Restaurant | Between Universal & Epic Universe Orlando
Marketing description
Smith Equities is pleased to exclusively present a rare opportunity to acquire a freestanding commercial asset with in-place NNN income along Orlando’s highly trafficked Kirkman Road, immediately adjacent to the International Drive and Universal trade area—one of Florida’s most supply-constrained and demand-driven corridors.
The property occupies a ±0.65-acre infill site with strong frontage and visibility along Kirkman Road and convenient access via Precision Drive. The site is improved with a ±4,848 SF standalone building constructed in 2017, offering a modern footprint well suited for long-term ownership.
The asset is leased to Pio Pio, a full-service Latin-fusion restaurant with over 20 years of operating history and a diversified customer base supported by both tourism and local demand. The lease is structured on a triple-net (NNN) basis.
The offering provides investors with in-place income and long-term optionality within a core Orlando infill corridor, supported by strong fundamentals and continued investment activity in the surrounding trade area.
Offered unpriced. Property to be sold with an existing lease in place.
Financials, lease documentation, and additional due diligence materials are available to qualified purchasers upon execution of a confidentiality agreement.
All offers are requested by October 31st.
Seller reserves the right to accept a qualified pre-emptive offer
Do Not Disturb Tenant. All inquiries, tours, and communications must be coordinated exclusively through the listing brokers.
Investment highlights
- Unbeatable I-Drive Proximity – Located at the hard corner of Precision Drive and Kirkman Road, just up the street from Universal Orlando’s Epic Universe (opened May 2025) and only 525 feet from Loews Endless Summer – Dockside Inn & Suites (2,800+ keys).
- Zoning for Scale – AC-3/SP zoning allows hotel, mixed-use, multifamily, and vertical development up to 200 units/acre, making this site ideal for future repositioning.
- Value-Add via Re-Tenanting or Redevelopment – Maintain strong income from the current tenant or redevelop in the future by relocating the restaurant into a new mixed-use vertical structure.
- Thriving Tenant – Well-established Pollos Pio Pio, a full-service Latin-fusion restaurant serving Colombian and Peruvian cuisine, operating for over 20 years, with 150+ seats, 50 employees, and over $4.0M in 2021 gross sales.
- Diverse Customer Base – The restaurant draws heavily from the tourist corridor (±50% of revenue) while also maintaining strong local following, making it resilient to seasonal fluctuations.
- Tourism-Driven Foot Traffic – Captures overflow from nearby hotels and attractions. 2025 marked the completion of Universal’s $7B Epic Universe, further boosting visibility and pedestrian volume.
- Prime Corner Visibility – Located at Kirkman & Precision, just off I-Drive, with 35 marked spaces and parking expansion options.
- Newly Enclosed 800 SF Patio – Now fully air-conditioned and integrated into restaurant operations. Lease amendment to reflect an additional $4,500/month in rent is pending signature. All due diligence materials, including the business and real estate appraisals, are available subject to CA.
- Surrounded by Billions in Development – Over $5.5B in announced developments through 2029, not including the recent sale and future redevelopment of the 8.91-acre I-Drive Suites property adjacent to this site.
- Flexible Exit Strategy – Lease includes two 5-year extension options. If the tenant does not exercise their first renewal by October 2026, the owner reserves the right to re-lease or reposition at market rates, including a sale-leaseback structure.
- Sales Tax Advantage Increases Future NOI – As of 2025, Florida eliminated sales tax on commercial leases (previously 5.5% in 2017–2023, 4.5% in 2023). This change enhances tenant affordability, boosts effective rental income, and improves long-term property valuation.
- I‑Ride Trolley Access – Green Line Stop G5 is just 0.4 miles west of the site, with future plans to extend service down Kirkman, bringing direct trolley access to the property.
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