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

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
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.

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