Overview

Description

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.

Highlights

• Lot Features: City Location
• Number Of Buildings: 1
• Documents Available: Aerial Photo(S), Copy Of Lease(S), Photos, Rent Rolls
• Cooling: Central Building A/C
• Heating: Central Electric
• Flooring: Tile
• Parking Features: Common, Free Parking
• Security Features: Other Fire Protection, Smoke Alarm, Smoke Detector(s)
• Buyer Agency Compensation: 2.0%
• Ownership: Corporation

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