Macaroni Grill - NNN Investment
5320 W. Irlo Bronson Memorial Highway, Kissimmee, Florida 34746
Sold: $3,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
7,370 sqft
Land Size
1.85 acres
Zoning
OPD
Year Built
1994
Cap Rate
7.17%
Lease Type
Absolute NNN
Option Periods
4 (5 year) Options
Remaining Term
4+ years
Rent Increases
2.5% Annual
Property Description
- Single tenant absolute NNN investment.
- No landlord responsibilities.
- 4+ years remaining on original term.
- 2.5% annual increases.
- 4 (5 year) options with rent increases in each option.
- Located in the bustling Orlando Tourist Corridor.
- Frontage on heavily traveled US Hwy 192 with traffic counts of 39,500 CPD.
- Less than 5 miles from Disney.