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.
Features
: Central Electric
: Central Building A/c
: Handicap Parking
: Tile
: City Location
: Common, Free Parking, Handicap Parking
: Composition Roll
: Smoke Alarm, Smoke Detector(s), Other Fire Protection
: Public Sanitation
Address Map
FL
Orange County
Orlando
32837
13500 S John Young Parkway
King Crab
0
W82° 34' 24.7''
N28° 22' 15''
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.
Additional Information
434
: Equipment, Building & Land, Leases
: 7-10 Year Lease, Long Term Lease
: Main Thoroughfare, County Road
: Sale
1
: Commercial, Free Standing
: Public
Commercial
Commercial Sale For Sale
13500 S John Young Parkway, Orlando, Florida 32837
32,837 Acre
$3,054,859
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $3,054,859
Year Built : 2007
Listing Terms : Lease Purchase, Options Available
Lot Area : 32,837 Acre
Status : Active
Building Area : 6,264 Sqft
Property SubType : Restaurant/entertainment
Agent info
- Patricia Calvet
-
contact@calvetrealty.com
