Single Tenant Triple Net Lease

13500 S John Young Pkwy, Orlando, FL 32837

Description Miami Commercial Group of KW Commercial is pleased to present a Triple Net (NNN) retail restaurant for sale in Orlando, Florida. This property is ideal as a cash flow investment and attractive as a 1031 Tax Exchange option as well. The tenant is a privately owned company that operates King Crab Seafood and Bar Restaurant. King Crab is subject to a ten-year, triple net lease (NNN), with roughly eight years remaining, and minimal landlord responsibilities. The rent is scheduled to increase by two percent (2.0%) annually, including two, 5-year tenant renewal options, bringing the total term to 18 years. This choice location benefits from being in a high-traffic area, on a six-lane street, and a signalized intersection into the Neighborhood Center. There is a strong retail presence surrounded by national, regional, local tenants, shopping centers, malls, and hospitality accommodations. Major tenants in the immediate area are Chase Bank, Walgreens, Western Union, Baskin Robins, Starbucks, 7-Eleven, and many more. The property location is South of Highway 417 (Central Florida Greene Way) and exit 10. The Subject Property is 9 miles from Disney World, 11 miles from Orlando International Airport and 24 miles from Downtown Orlando. Highlights Price: $3,258,516 NOI: $195,511 Cap Rate: 6.4% Rentable Area: 6,264 SF Land Area: 32,837 SF Year Built: 2007 Guaranty: Personal Lease Type: Triple Net Landlord Responsibilities: Roof Lease Term Remaining: 8+ Years Increases: 2.00% Annually Options: Two 5-Year Options Rent Commencement: April 1, 2021 Lease Expiration: March 31, 2031

Contact

Broker or Owner Contact
Vladimir Golik
,
Phone: (786) 433-2929
vgolik@kw.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1021
Building Size 6264
Site Size (acres)
Zoning
Year Built
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 3054859
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.3708206
Longitude -81.4264819
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider