13500 S John Young Parkway, Orlando FL 32837,Orlando,Orange County,Commercial Sale

$3,054,859

Overview

Restaurant/Entertainment
Property Type

Description

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 eight 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 18 years.

Address

Open on Google Maps

Address: John Young Parkway
City: Orlando
State/county: Orange County
Zip/Postal Code: 32837

Details

Updated on October 28, 2023 at 11:43 am

Price $3,054,859
Year Built 2007
Property Type Restaurant/Entertainment
Property Status Commercial Sale

Additional details

StreetDirPrefix S
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent
LeaseAssignableYN no
CoListAgentDirectPhone 786-433-2929
ListAgentKey add8780b0084f9777247dcc7e74dba5c
OnMarketDate 2022-11-11
ListAgentEmail luisbadillo@kw.com
ContractStatusChangeDate 2022-11-11
MajorChangeTimestamp 2023-06-16T14:08:51.027Z
Flooring Tile
PhotosCount 7
SubAgencyCompensation 0.01%
Cooling Central Building A/C
StatusChangeTimestamp 2022-11-14T21:40:44.760Z
SecurityFeatures Other Fire Protection, Smoke Alarm, Smoke Detector(s)
FinancialDataSource Owner Provided
BuildingName King Crab
CoListOfficeName Keller Williams Realty Premier Properties
PriceChangeTimestamp 2023-06-16T14:08:51.027Z
ListingKeyNumeric 375994399
MajorChangeType Price Decrease
ListingContractDate 2022-11-11
CoListOfficeKey 9653ae5f82fb4b19ada8cc6ceb4b34ed
ListAOR A-Miami Association of REALTORS
ListOfficeName Keller Williams Realty Premier Properties
CurrentUse Retail
OriginatingSystemKey miamire
BusinessType Restaurant/Bar
DualVariableCompensationYN no
PhotosChangeTimestamp 2023-01-19T15:17:33.781Z
RoadFrontageType County Road, Main Thoroughfare
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 305-595-2844
MlsStatus Active
StreetNumber 13500
CoListOfficeMlsId KWPP01
LeaseTerm 7-10 Year Lease, Long Term Lease
ListingKey b86ebb68cc07150c3850b9914a4f2767
StateOrProvince FL
ShowingContactType Agent
CoListAgentEmail vgolik@kw.com
ListOfficeKey 9653ae5f82fb4b19ada8cc6ceb4b34ed
Directions Subject Property is just 24 miles to Downtown Orlando. It is a short nine miles from Disney World, & only 11 miles from Orlando International Airport.
BridgeModificationTimestamp 2023-06-16T14:11:24.019Z
ListAgentFullName Luis Badillo LLC
Roof Composition Roll
ListAgentOfficePhone 305-595-2844
Stories 1
ParcelNumber 29-24-29-3208-03001
ListingTerms Options Available, Lease Purchase
SignOnPropertyYN no
LeaseRenewalOptionYN no
OtherExpense 0
Possession Funding
CoListAgentOfficePhone 305-595-2844
LeaseConsideredYN yes
IDXParticipationYN yes
InternetAddressDisplayYN yes
ListAgentMlsId 3068840
StoriesTotal 1
ModificationTimestamp 2023-06-16T14:08:51.027Z
OriginatingSystemID miamire
LandLeaseYN no
PreviousListPrice 3500000
DaysOnMarket 217
BuyerAgencyCompensationType %
ListOfficeMlsId KWPP01
Inclusions Building & Land, Leases, Equipment, Leases
ListAgentDirectPhone 305-510-8610
CoListAgentFullName Vladimir Golik
CoListAgentKey b045bf5d1c049b7d8502ee53258ab9c0
StreetNumberNumeric 13500
ExistingLeaseType NNN
CoListAgentStateLicense 0382438
ParkingFeatures Common, Free Parking, Handicap Parking
NumberOfUnitsInCommunity 1
Sewer Public Sanitation
ExpirationDate 2023-12-31
SyndicationRemarks The land consists of 32, 837 total SF (3/4 of an acre). The building space sits on 6, 264 square feet. King Crab is subject to a ten-year, triple net lease (NNN), with roughly eight years remaining, and minimal landlord responsibilities. The rent is scheduled to increase by two percent (2.0%) annually, including the option to extend the original lease with two, 5-year options, bringing the total term to 18 years. This is a choice location. The Subject Property benefits from being in a high-traffic area on a six-lane street, and a signalized intersection into the Neighborhood Center. There is a strong retail presence surrounded by national, regional, local tenants, shopping centers, malls, and hospitality accommodations. South of highway 417 (Central Florida Greene Way) exit 10.
Heating Central Electric
StructureType Commercial, Free Standing
ListAgentStateLicense 3068840
CoListAgentMlsId 0382438
ListingAgreement Exclusive Right To Sell
ListingId A11302016
SpecialListingConditions Sale
NumberOfBuildings 1
OriginalListPrice 3500000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 2.0%
InternetAutomatedValuationDisplayYN yes
AccessibilityFeatures Handicap Parking
OriginalEntryTimestamp 2022-11-14T21:40:44.760Z
SourceSystemKey 375994399
Ownership Corporation
LotFeatures City Location
DocumentsAvailable Aerial Photo(S), Copy Of Lease(S), Photos, Rent Rolls
LotSizeSquareFeet 32837
InternetConsumerCommentYN yes
CoListOfficePhone 305-595-2844
BuildingAreaTotal 6264