13500 S John Young Parkway
Orlando, FL 32837
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Description for 13500 S John Young Parkway, Orlando, FL 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 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.
Property Details
Price History
Source: MLS
Date | Event | Price | Source |
---|---|---|---|
2024-04-23 04:36:27 | For Sale | $3,054,859 | MLS |
2022-11-14 | For Sale | $3,500,000 | MLS |
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