13500 S John Young Parkway, Orlando, FL 32837
sale
$3,054,859
|
Business
Courtesy Of Keller Williams Realty Premier Properties
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 7 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.
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Virtual Tour
Property Features
- Age: 11-20 Years Old
- Architecture Style: Other
- Building Units: 1
- Cooling System: Central A/C
- Floor Covering: Tile
- Heating Fuel: Electric
- Heating System: Central Furnace
- MLSID: A11302016
- Roof Type: Composition Shingle
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