Franklin Street Arranges Sale Of Orlando Retail Property

Franklin Street has arranged the $4.2 million sale of a more than one-acre site leased to Red Lobster at 7373 W. Colonial Dr. in Orlando.

The Red Lobster property features 7,900 square feet and has 18.5 years remaining on its lease. The building is an outparcel to a 209,686-square-foot shopping center that benefits from retailers including Burlington, Ross Dress for Less, Marshalls and more. The property is eight miles from downtown Orlando.

Adam Tiktin, Greg Matus and Steven Logan of Franklin Street’s Florida Investment Sales Team represented the seller, Master Carwash, in the transaction. The buyer was an entity owned by Abraham Cherem. The deal closed Aug. 9th.