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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.
| DAYS ON MARKET | 523 | LAST UPDATED | 10/27/2023 |
|---|---|---|---|
| YEAR BUILT | 2007 | COMMUNITY | 5940 Florida Other |
| COUNTY | Orange | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jun 16, '23 | $3,500,000 |
|---|---|
| Jun 16, '23 - Jun 20, '23 | $3,258,516 |
| Jun 20, '23 - Jul 6, '23 | $3,250,000 |
| Jul 6, '23 - Oct 27, '23 | $3,258,516 |
| Oct 27, '23 - Today | $3,054,859 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 5940 Florida Other |
| BUYER'S BROKERAGE COMPENSATION | 2.0% |
| HEAT | CENTRAL, Electric |
| LOT | 32837 acre(s) |
| PARKING | Common |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Detached |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Realty Premier Properties
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