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Restaurant/Entertainment - King Crab for Sale

13500 S JOHN YOUNG PKWY, ORLANDO, FL 32837

Asking Price$3,054,859 Change Price$203,657

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  • Lot size 13672sqft
  • Year Built 2007
  • Days on market:

    556 day(s)
  • Original Price:

    $3,500,000
  • Property Type:

    Restaurant/Entertainment
  • Parking:

    Free ParkingCommon
  • Inclusions:

    Building & Land,Leases, Equipment,Leases
  • Lease Term Remaining:

    7-10 Year Lease,Long Term Lease
  • Roof:

    Composition Roll
  • Cooling Description:

    Central Building A/C
  • Heating Description:

    Central Electric
  • Floor Description:

    Tile
  • Special Listing Conditions:

    Sale
  • Lot Features:

    City Location

Description

$3,054,859

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.
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