Price Reduced 12.72%
Price History
$3,500,000
11/11/2022
$3,258,516
6/16/2023
$3,250,000
6/20/2023
$3,258,516
7/6/2023
$3,054,859
10/27/2023
13500 S John Young Parkway, Orlando, FL, 32837
2007
Detached
The building measures 6,246 square feet, and the lot size is 13,672 square feet. 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.
Status:
Active
Type:
Commercial
Units:
1
Zoning:
Commercial
Garage:
Common, Free Parking, Handicap
Heating:
Central, Electric
Cooling:
Central Air
Days on Market:
528
Lease Term Type:
Long Term
MLS #:
A11302016
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Keller Williams Realty Premier Properties Phone: 305-595-2844