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
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
Property ID |
1021 |
Building Size |
6264 |
Site Size (acres) |
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Zoning |
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Year Built |
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Number of Drive-In Doors |
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Number of Dock-In Doors |
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Clearance Height |
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Drive-in Doors |
no |
Sprinklered |
no |
Parking Ratio |
0 |
Updated |
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Number of Parking Spaces |
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Parking |
no |
HVAC |
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Pricing
For Sale |
yes |
Sale Price |
3054859 |
For Lease |
no |
Lease Type |
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Lease Cost |
0 |
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Geographic and Infrastructure
Latitude |
28.3708206 |
Longitude |
-81.4264819 |
County |
Orange County |
Rail Access |
no |
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Utilities
Service to Property |
no |
Electric Provider |
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Gas On Site |
no |
Gas Provider |
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Water On Site |
no |
Water Provider |
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Fiber Optics |
no |
Telecom on Site |
no |
Sewer On Site |
no |
Sewer provider |
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Unused Data Points
status |
Active |
businesspark |
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buildingtypes |
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contiguous |
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divisiblefrom |
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saleprice |
3054859 |
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multitenant |
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shovelready |
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