7 photos
USD 3,258,516
13500 S John Young Parkway
Orlando, Florida 32837
For Sale
Property Description
The building measures 6,246 square feet, and the lot size is 32,837 square feet (3/4 of an acre). 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 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.
Listed by Keller Williams Realty Premier Properties
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Property Details
- ID #
- A11302016
- Status
- Sale
- Type
- Commercial, Industrial, Retail
- Zip Code
- 32837
- Year Built
- 2007
- Building Feature
- Air Conditioning, Smoke alarms
- Water Source
- City/mains water
- Septic
- City sewer
- Ceiling
- Suspended/Acoustical
- Floor
- Tile Floors
- Location
- City Location
- Occupancy
- Tenant Occupied
- Parking
- Common Parking, Free Parking, Handicap Parking
- Road Frontage
- County Road, Main Thoroughfare
- Road Type
- Divided, Three Lane
- Roof
- Composition Roll
- Type of Building
- Free Standing, Restaurant/Bar
- Utilities
- Internet
- Zoning Information
- Commercial
- Lease Term
- 7-10 Year Lease, Long Term Lease, Options Available, Triple Net Lease
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Listing content provided by the Miami Association of Realtors
Disclaimer: BBC: 2.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.