Restaurant, Orlando, USA

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Restaurant, Orlando, USA

$3,830,000
$10,550 /m²
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  • Total area
    363 m²
  • Yield
    6.3%
  • Built in 
    2001
Details
Property parameters
  • Land area: 9,672 m²
  • 1-floor building
Financial performance
  • Annual income: $204,953
Tenants
  • Fully let
  • End of lease: 2025

The one-storey building with commercial units.

Description

Total area of the property is 363 m².

The plot size is 9,672 m².

The property was built in 2001.

Building Class B.

Financial performance

The cost of the property is 3,830,400 $.

Absolute annual income is 239,400 $.

The current yield of 6.25%.

Tenants

The tenant is a chain of restaurants with branches in more than 30 countries. The company employs more than 25 thousand employees.

The lease agreement is concluded until July 31, 2025 and contains the extension options for 2x5 years.

Type of rent: NNN-lease.

Location and nearby infrastructure

The property is located in business district of Orlando in 3.2 km from Orlando international airport and in 20 minutes away off State Road 528.

There are many hotels nearby.

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