13500 S John Young Parkway, Orlando, 32837

  • $3,054,859

Listing UP for Sale

Orlando

13500 S John Young Parkway, Orlando, 32837

Orlando

  • $3,054,859

Overview

Property MLS #: A11302016
  • Property Type
  • Business
  • 13672
  • Lot sqft
  • 2007
  • Year Built

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.

  • Address 13500 S John Young Parkway
  • City Orlando
  • State/county Florida
  • Zip/Postal Code 32837
  • Area Orange County
  • Country United States

Details

Updated on April 23, 2024 at 10:51 am
  • Property MLS #: A11302016
  • Price: $3,054,859
  • Land Area: 13672 sqft
  • Year Built: 2007
  • Property Type: Business
  • Property Status: Listing UP for Sale

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