King Crab Restaurant - Single Tenant Triple Net Lease

13500 S John Young Pkwy, Orlando, FL 32837

Miami Commercial Group of KW Commercial is pleased to present the exclusive listing of the retail building leased to King Crab Restaurant at 13500 South Young Parkway, Orlando, Florida 32837. The building measures 6,246 square feet, and the lot size is 13,672 square feet. This offering is 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. 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 seven 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 17 years. The 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. Best known for theme parks, Orlando is home to more than a dozen family attractions, including Walt Disney World, Epcot, Sea Life Orlando Aquarium, and Universal Orlando, making the central Florida city the "Theme Park Capital of the World." Orlando is also called "The City Beautiful," dating back to 1908 when city officials gave it the nickname that still appears on the city seal. Since the opening of Walt Disney World in 1971, tourism, population, and the local economy have flourished. Orlando is America's most visited destination, with a record-setting 75 million visitors in 2018, according to Visit Orlando. Orlando International Airport is the busiest airport in the state of Florida. Orlando is also home to industry, including high-tech, aviation and aerospace, biotechnology research, film and television production, and manufacturing. The Orange County Convention Center in Orlando is the second largest in the country, with an average of nearly 200 events annually. Orlando International Airport (MCO) is about 10 miles from downtown Orlando and about 25 miles from Walt Disney World. There are more than 100 lakes in the Orlando area and the largest, Lake Eola, is actually a giant sinkhole. Around 50 swans make their home in Lake Eola, representing five different breeds. Orlando has two major league professional sports teams: the NBA Orlando Magic and the Orlando City Soccer Club of Major League Soccer. Orlando is home to the world's largest Disney Store and the world's largest McDonalds. Orlando's Downtown Historic District includes eight square blocks of about 80 buildings dating from the 1880s through the early 1940s. Nearby cities and towns include Kissimmee, Lake Buena Vista, Winter Park, Eatonville, and Winter Garden.

Contact

Broker or Owner Contact
Vladimir Golik
,
Phone: (305) 431-2785
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 1046
Building Size 6264
Site Size (acres)
Zoning Retail - Over 60,000 VPD, Very strong demographics, outparcel on Hunters Creek Shopping Center
Year Built 2007
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