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Perkins 5170 W Irlo Bronson Memorial Hwy 5,833 SF Retail Building Kissimmee, FL 34746 $4,976,000 ($853.08/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Corporate Lease to Perkins with Scheduled Rent Increases - Approx. 4.5 Years Remaining
- Perkins has Operated at the Site for Over 40 Years - Exercised 5-Year Renewal, Showing their Commitment to the Site
- Strong Customer Base Supported by Residential Growth & Major Tourism Demand - ~4 Miles from Walt Disney World
- Upside Potential with Tenant Paying Percentage Rent
- Signalized, Hard-Corner Location at Highly Trafficked Intersection (66,500 ADT) with Strong Ingress/Egress & Prominent Signage
- Greater Orlando Population Exceeds 2.6 Million - Global Tourism Hub, Attracting 75M+ Visitors Annually
Executive Summary
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
In Association with ParaSell, Inc.? | A Licensed Florida Broker #CQ1059597
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,833 SF
Building Class
B
Year Built/Renovated
1977/2005
Price
$4,976,000
Price Per SF
$853.08
Cap Rate
6%
NOI
$298,552
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.89 AC
Zoning
OCT, County
Parking
30 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Jan 0000
Ever since Perkins started as a simple pancake house, there’s always been a drive to provide truly delicious plates and exceptional service. The menu has changed to keep their guests’ taste buds guessing, but their dedication to provide the best possible experience has not. Perkins commitment to quality and innovation began in 1958 when Matt and Ivan Perkins opened their first pancake house in Cincinnati, Ohio. Today's Perkins still serves pancakes and excels at breakfast fare. Restaurants also offer some 100 breakfast lunch and dinner items with signature dishes including specialty omelettes, melt sandwiches and bread bowl salads.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-25-28-3217-0001-0020 | Improvements Assessment | $884,500 |
| Land Assessment | $1,440,700 | Total Assessment | $2,325,200 |
Property Taxes
Parcel Number
11-25-28-3217-0001-0020
Land Assessment
$1,440,700
Improvements Assessment
$884,500
Total Assessment
$2,325,200
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