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31801396
31801397

5170 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
SR
FL CQ1059597, CA 02101543 (+42)
ParaSell Inc
Listed by Fisher James Capital, ParaSell Inc
$4,976,000
62 days on market
Updated 47 days ago

Perkins

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,833
Cap Rate 6%
NOI $298,552
Occupancy 100%
Tenancy Single
Brand/Tenant Perkins
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 06/29/2030
Remaining Term 4
Rent Bumps Yes
Lease Options one (1) five-year option remaining
Price per SqFt $853
Broker Co-Op Yes
Year Built 1977
Year Renovated 2005
Buildings 1
Stories 1
Acreage 1.890
Parking Spaces 30 spaces
Parking Per SqFt 5.14
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/28/2005
Ground Lease No

Absolute NNN Corporate Lease to Perkins | Signalized Hard Corner | ~4 Miles from Walt Disney World

Marketing description

Absolute NNN corporate lease to an established Perkins location in Kissimmee, Florida, situated just 4 miles from Walt Disney World. The property benefits from a signalized hard-corner location with prominent signage in the heart of a global tourism hub that attracts more than 75 million visitors annually. The Kissimmee submarket also remains one of the most active multifamily growth corridors in Central Florida, with an annual population growth rate of approximately 2.5% within a five-mile radius of the subject property. The site is supported by a strong customer base driven by both residential expansion and sustained tourism demand. Kissimmee further benefits from close proximity to Orlando, Walt Disney World, Universal Orlando Resort, SeaWorld, and numerous other family-oriented attractions.

In Association with ParaSell, Inc. | A Licensed Florida Broker #CQ1059597

Investment highlights

  • Absolute NNN Corporate Lease to Perkins with Approximately 4.5 Years Remaining
  • Upside Potential with Tenant Paying Percentage Rent
  • Perkins has Operated at the Site for Over 40 Years
  • Signalized Hard Corner Location at a Highly Trafficked Intersection (66,500 ADT)
  • Large 1.89 Acre Lot with Long-Term Redevelopment Potential
  • Surrounded by ALDI, Walgreens, Camping World, IHOP, Olive Garden, CVS, Popeyes, Krispy Kreme, and Many National Hotel Chains
  • ~4 Miles from Walt Disney World in Global Tourism Hub that Attracts 75M+ Visitors Annually
  • Strong Customer Base Supported by Residential Growth and Major Tourism Demand
  • Population of 143,846 within 5 Miles with an Annual Growth Rate of ~2.5%
  • No State Income Tax in Florida

Listing Contacts

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
SR
FL CQ1059597, CA 02101543 (+42)
ParaSell Inc
Listed by Fisher James Capital, ParaSell Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,552.00
$24,879.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Scott Reid
License
CQ1059597
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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