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Romano's Macaroni Grill
Oviedo, FL 32765
Romano's Macaroni Grill · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
ABOUT ROMANO'S MACARONI GRILL , OVIEDO, FL 32765
We are pleased to offer to qualified investors an opportunity to purchase a single tenant absolute NNN investment fully leased to Romano’s Macaroni Grill which just exercised its first 5 year option on 1/1/2018 indicating the strength of this retail location. With 3 - 5 year options remaining and fixed rental increases, should the Tenant exercise its second option in year 2023 a 20% rental increase will take effect followed by 10% rental increases every 5 years. Located in Orlando (Oviedo), FL this Romano’s Macaroni Grill location is supported by the strong surrounding demographics of Oviedo as well as the 68 million annual visitors that travel to Orlando (2016). This is a rare opportunity to purchase (fee simple) a proven restaurant tenant that has just exercised its first of 4 - 5 year options on an absolute NNN lease, with excellent surrounding demographics, on a highly trafficked thoroughfare (39,180 VPD), located just 2 miles fr om the Oviedo Mall.
PROPERTY TAXES
| Parcel Number | 19-21-31-514-0000-0020 | Improvements Assessment | $961,494 |
| Land Assessment | $1,388,436 | Total Assessment | $2,349,930 |
PROPERTY TAXES
