5170 Irlo Bronson Memorial HwyKissimmee, FL 34746

This exceptional investment opportunity presents a fee-simple ownership of a Perkins Restaurant located at 5170 W. Irlo Bronson Memorial Hwy, Kissimmee, FL 34746. The property boasts 5,833 square feet on a 2.13-acre lot, situated in a high-traffic area of the Orlando tourist district. The single-tenant, free-standing building is currently operating under a 25-year absolute NNN lease with a corporate guarantee, providing significant financial security. The lease commenced June 29, 2005, and has a remaining term of approximately 5.6 years, extending to June 30, 2030. The lease includes 8% rent bumps every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $331,148, yielding a 6.51% cap rate at an asking price of $5,089,860. Built in 1977 and renovated in 2005, the property benefits from its location on a hard-corner, lighted intersection with excellent ingress and egress. Surrounding businesses include Walgreens, IHOP, Dollar Tree, Aldi, 7-Eleven, and Camping World, along with numerous hotels. The property's zoning is commercial, and the high daily traffic volume (over 39,000 vehicles) further enhances its investment potential. This legacy location offers a proven track record of over 20 years of successful operation, making it an attractive and stable investment. The tenant's consistent payment of percentage rent adds to the overall yield. One lease option is available.