Red Lobster

5690 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

Absolute NNN Zero Landlord Responsibilities Passive Income Long-Term, Passive Investment With over 18 years remaining on the primary term of the lease and no landlord responsibilities, this asset serves as the ideal 1031 exchange asset. Recent Twenty-Year Extension Red lobster committed to extending the lease an additional twenty (20) years in 2020 given the positioning and exceptional real estate fundamentals. Corporate Guarantee The Red Lobster Concept was recently acquired by Thai Union Group, a multibillion-dollar international corporation that has seen year over year profit and revenue growth since the acquisition of Red Lobster. Proximity to Disney World and Epcot The site is less than 3 miles and a 6-minute drive from Walt Disney World Resort. Generational Real Estate With nearly 2.5 acres on a hard, signalized corner on one of the most highly trafficked highways in the Orlando MSA, this asset is worthy of the trophy case. Excellent Retail Synergy and Positioning Over 50,000 VPD pass the site daily. Great Visibility & Access This restaurant is strategically located in the core retail corridor of Lake City and has multiple points of ingress and egress off primary artery through the city. 2% Annual Rent Escalations The rent on this asset increases 2% every year, providing an investor with an incredibly strong hedge against inflation.

Contact

Broker or Owner Contact
Keegan Mulcahy
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1270
Building Size 10142
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 5921200
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.3321112
Longitude -81.5131382
County Osceola 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