Property Description

437 West Kennedy Boulevard is a prime net-leased convenience store investment in Orlando’s high-visibility C-3 Wholesale Commercial District. Situated on a 5,652-square-foot lot, the solid block building was originally constructed in 1972 (renovated in 1983) and offers approximately 2,273 square feet of retail space—including a versatile back room that presents an easy sublease opportunity for additional income. The current five-year NNN lease, which commenced in March 2024 and runs through March 2029 (with a five-year renewal option capped at 10% annual increases), delivers stable, inflation-protected cash flow: $21,600 in Year 1 and $22,680 annually in Years 2–5, all personally guaranteed by the principals. Tenant responsibilities cover utilities, maintenance and repairs, real estate taxes and insurance, while the landlord remains responsible for the roof and four exterior structural walls. Durable built-up roofing, commercial-grade cork tile flooring, central cooling with electric forced-air heating, and professionally maintained drywall interiors underscore the low-burden ownership profile, and the property lies within Flood Zone X for minimal flood risk. With neighborhood values up nearly 7% over the past two years and immediate upside through market-rate rent adjustments, this competitively priced asset is an outstanding opportunity for investors seeking passive income and long-term growth in one of Orlando’s most dynamic retail corridors.

Property Details