7% Cap NNN Investment Freestanding Restaurant
Orlando, Florida 32808
$767,500
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,500 sqft
Land Size
0.42 acres
Water
OUC
Zoning
ORL-I-G/W
Electric
OUC
Year Built
1972
Parking
29 spaces
Construction
CB stucco
Property Description
- Net Operating Income- $53,732 7% CAP RATE
- Proven 20+ year Tenant- deep neighborhood roots and time-tested sales
- Below-Market NNN Rent - $36/SF
- True Passive NNN Structure- Tenant responsible for taxes, insurance and maintenance-ideal for out of area and 1031-exchange investors
- Abundant Parking and Highway Frontage- 29 space parking field plus highway frontage with 14,000 vehicles/day
- Packing District Growth Corridor- minutes from 202 acre, $480 M mixed use redevelopment area
- Built-in Daytime Demand- Seaboard Industrial Center provides consistent weekday lunch time customer base