13500 S John Young Parkway , Orlando, FL 32837

  • $3,054,859
  • $3,258,516
Active

13500 S John Young Parkway , Orlando, FL 32837

  • $3,054,859
  • $3,258,516
  • Address 13500 S John Young Parkway
  • City Orlando
  • State/county FL
  • Zip/Postal Code 32837

Description

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.

Details

  • Property ID: A11302016
  • Price: $3,054,859
  • Property Size: 6264 sqft
  • Garage Size: x x
  • Year Built: 2007
  • Property Type: Business
  • Property Status: Active
  • MLS#: A11302016

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Chic Living Miami, LLC. tel: 305-915-7607

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