For Sale
$3,525,000

5320 Irlo Bronson Memorial HwyKissimmee, FL 34746

Kissimmee, FL Restaurant - 7.17% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Macaroni Grill restaurant in Kissimmee, Florida. Located on a 7.86-acre lot at 5320 W Irlo Bronson Memorial Hwy (US Hwy 192), this 7,370 square foot, Class B building boasts a prime location in the bustling Orlando Tourist Corridor, less than five miles from Disney World. The property features 141 parking spaces and benefits from high visibility with 39,500 cars passing daily. The current lease, commencing January 1, 2009, and expiring December 17, 2028, provides a remaining term of approximately 4.1 years. The lease includes a corporate guarantee from Romano's Macaroni Grill and features 2.5% annual rent bumps, along with four five-year renewal options, each with built-in rent increases. The property's Net Operating Income (NOI) is $252,588, resulting in a 7.17% cap rate (based on the January 1, 2025, rental increase). Built in 1994, this single-story building sits on a lot zoned OPUD. This is a passive investment with no landlord responsibilities, offering strong returns and long-term stability in a high-traffic, high-demand location. The asking price is $3,525,000, translating to a price per square foot of $478.29. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment in a prime tourist destination.

Highlights

  • Absolute NNN investment with single tenant.
  • Zero landlord responsibilities.
  • Original lease term has 4+ years remaining.
  • Rent increases annually at 2.5%.
  • Four 5-year renewal options with rent increases.
  • Prime location in Orlando's Tourist Corridor.

Property Details for 5320 Irlo Bronson Memorial Hwy

Property type
Retail properties, Restaurants
Square Feet
7,370 SF
Class
B
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
342,382 SF

Location Insight

City
Kissimmee
County
Osceola
State
Florida
Latitude
28.332264147609
Longitude
-81.496943539508
5320 Irlo Bronson Memorial Hwy, Kissimmee, Florida

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5320 Irlo Bronson Memorial Hwy
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