13500 S John Young Parkway, Orlando FL 32837,Orlando,Orange County,Commercial Sale
Commercial Sale
Active
13500 S John Young Parkway, Orlando FL 32837
Overview
- Restaurant/Entertainment
- 2007
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.
Details
Updated on April 22, 2024 at 10:56 pm- Price: $3,054,859
- Year Built: 2007
- Property Type: Restaurant/Entertainment
- Property Status: Commercial Sale
Additional details
- StreetDirPrefix: S
- ShowingInstructions: 24 Hour Notice, Appointment Only, Call Listing Agent
- LeaseAssignableYN: no
- CoListAgentDirectPhone: 786-433-2929
- ListAgentKey: add8780b0084f9777247dcc7e74dba5c
- OnMarketDate: 2022-11-11
- ListAgentEmail: luisbadillo@kw.com
- ContractStatusChangeDate: 2022-11-11
- MajorChangeTimestamp: 2023-07-06T14:30:38.610Z
- Flooring: Tile
- PhotosCount: 7
- SubAgencyCompensation: 0.01%
- Cooling: Central Building A/C
- StatusChangeTimestamp: 2022-11-14T21:40:44.760Z
- SecurityFeatures: Other Fire Protection, Smoke Alarm, Smoke Detector(s)
- FinancialDataSource: Owner Provided
- BuildingName: King Crab
- CoListOfficeName: Keller Williams Realty Premier Properties
- PriceChangeTimestamp: 2023-07-06T14:30:38.610Z
- ListingKeyNumeric: 375994399
- MajorChangeType: Price Increase
- ListingContractDate: 2022-11-11
- CoListOfficeKey: 9653ae5f82fb4b19ada8cc6ceb4b34ed
- ListAOR: A-Miami Association of REALTORS
- ListOfficeName: Keller Williams Realty Premier Properties
- CurrentUse: Retail
- OriginatingSystemKey: miamire
- BusinessType: Restaurant/Bar
- DualVariableCompensationYN: no
- PhotosChangeTimestamp: 2023-01-19T15:17:33.781Z
- RoadFrontageType: County Road, Main Thoroughfare
- OriginatingSystemName: Miami Association of REALTORS®
- ListOfficePhone: 305-595-2844
- MlsStatus: Active
- StreetNumber: 13500
- GrossScheduledIncome: 195511
- CoListOfficeMlsId: KWPP01
- LeaseTerm: 7-10 Year Lease, Long Term Lease
- ListingKey: b86ebb68cc07150c3850b9914a4f2767
- StateOrProvince: FL
- ShowingContactType: Agent
- CoListAgentEmail: vgolik@kw.com
- ListOfficeKey: 9653ae5f82fb4b19ada8cc6ceb4b34ed
- Directions: The property location is South of Highway 417 (Central Florida Greene Way) and exit 10. The Subject Property is 9 miles from Disney World, 11 miles from Orlando International Airport and 24 miles from Downtown Orlando.
- BridgeModificationTimestamp: 2023-07-06T14:39:06.923Z
- ListAgentFullName: Luis Badillo LLC
- Roof: Composition Roll
- ListAgentOfficePhone: 305-595-2844
- Stories: 1
- ParcelNumber: 29-24-29-3208-03001
- ListingTerms: Options Available, Lease Purchase
- SignOnPropertyYN: no
- LeaseRenewalOptionYN: no
- OtherExpense: 0
- Possession: Funding
- CoListAgentOfficePhone: 305-595-2844
- LeaseConsideredYN: yes
- IDXParticipationYN: yes
- InternetAddressDisplayYN: yes
- ListAgentMlsId: 3068840
- StoriesTotal: 1
- ModificationTimestamp: 2023-07-06T14:34:18.533Z
- OriginatingSystemID: miamire
- LandLeaseYN: no
- PreviousListPrice: 3250000
- DaysOnMarket: 237
- BuyerAgencyCompensationType: %
- ListOfficeMlsId: KWPP01
- Inclusions: Building & Land, Leases, Equipment, Leases
- ListAgentDirectPhone: 305-510-8610
- CoListAgentFullName: Vladimir Golik
- CoListAgentKey: b045bf5d1c049b7d8502ee53258ab9c0
- StreetNumberNumeric: 13500
- ExistingLeaseType: NNN
- CoListAgentStateLicense: 0382438
- ParkingFeatures: Common, Free Parking, Handicap Parking
- NumberOfUnitsInCommunity: 1
- Sewer: Public Sanitation
- ExpirationDate: 2023-12-31
- SyndicationRemarks: The building measures 6, 246 square feet, and the lot size is 32, 837 square feet (3/4 of an acre). 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 eight 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 18 years.
- Heating: Central Electric
- StructureType: Commercial, Free Standing
- ListAgentStateLicense: 3068840
- CoListAgentMlsId: 0382438
- ListingAgreement: Exclusive Right To Sell
- ListingId: A11302016
- SpecialListingConditions: Sale
- NumberOfBuildings: 1
- OriginalListPrice: 3500000
- BuildingAreaUnits: Square Feet
- InternetEntireListingDisplayYN: yes
- BuyerAgencyCompensation: 2.0%
- InternetAutomatedValuationDisplayYN: yes
- AccessibilityFeatures: Handicap Parking
- OriginalEntryTimestamp: 2022-11-14T21:40:44.760Z
- SourceSystemKey: 375994399
- Ownership: Corporation
- LotFeatures: City Location
- DocumentsAvailable: Aerial Photo(S), Copy Of Lease(S), Photos, Rent Rolls
- LotSizeSquareFeet: 32837
- InternetConsumerCommentYN: yes
- CoListOfficePhone: 305-595-2844
- BuildingAreaTotal: 6264
Features
Address
Open on Google Maps- Address John Young Parkway
- City Orlando
- State/county Orange County
- Zip/Postal Code 32837
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