Listing Summary
Miami Commercial Group of KW Commercial is pleased to present the exclusive listing of the retail building leased to King Crab Restaurant at 13500 South Young Parkway, Orlando, Florida 32837.
Full Description
Miami Commercial Group of KW Commercial is pleased to present the exclusive listing of the retail building leased to King Crab Restaurant at 13500 South Young Parkway, Orlando, Florida 32837. 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 seven 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. The location 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. Major tenants in the immediate area are Chase Bank, Walgreens, Western Union, Baskin Robins, Starbucks, 7-Eleven, and many more.
Quick Glance
- Listing ID:
CL-Florida-10894
- Status:
Active
- Year Build:
2007
- Building Size:
6,264 SqFt
- Lot Size:
13,672.00 Acre