For Sale
$5,089,860

5170 Irlo Bronson Memorial Hwy Kissimmee, FL 34746

High-volume, NNN-leased QSR in Kissimmee.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • Fee-simple ownership of a Perkins Restaurant in a high-traffic Orlando tourist area.
  • High traffic counts exceeding 39,000 vehicles per day.
  • Established location with over 20 years of operational success.
  • Tenant pays percentage rent, increasing investor yield.
  • Absolute NNN lease with strong access on a hard-corner, lighted intersection.
  • 2.13-acre lot offering redevelopment potential.

Property Details for 5170 Irlo Bronson Memorial Hwy

Property type
Retail properties, Restaurants
Square Feet
5,833 SF
Year Built/Renovated
1977/2005
Buildings
1
Stories
1
Lot Size (sq. ft)
92,783 SF
Units
1

Location Insight

City
Kissimmee
County
Osceola
State
Florida
Latitude
28.3323771
Longitude
-81.4898108

FAQs

What type of property is this?
Retail property - High-volume, NNN-leased QSR in Kissimmee.
Where is the retail property located?
The property is located at 5170 Irlo Bronson Memorial Hwy Kissimmee, FL.
What is the asking price?
The asking price for this property is $5,089,860.
What are key features of this property?
This property features: Fee-simple ownership of a Perkins Restaurant in a high-traffic Orlando tourist area.; High traffic counts exceeding 39,000 vehicles per day.; Established location with over 20 years of operational success.
How can I contact the broker?
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5170 Irlo Bronson Memorial Hwy
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