Arby’s Orlando, Florida

$1,550,000
Property type: Single-Tenant Net Lease

The space

  • Price: $1,550,000
  • Rentable Square Feet: 2,150
  • Annual Rent: $77,500
  • Rent/Square Foot: $36.05
  • Lease Type: NNN Ground Lease
  • Lease Term: 15 Years
  • Option Periods: 4, 5-Year Options
  • Rental Increases: 10% Every 5 Years
  • Lease Expiration: 3/31/2033
  • Land Area: 0.65 Acres
  • Year Built: 2018

Description

1174 South Kirkman Road
Orlando, Florida 32811

Investment Highlights

  • Brand New, 15-Year, Corporate Guaranteed, NNN Ground Lease
  • Four, Five-Year Renewal Options
  • 10 Percent Increases Every Five Years in Base Term and Option Periods
  • Brand New Location; Construction Completed in 2018
  • Within Walking Distance from Valencia College

 

Investment Summary

The Arby’s in Orlando is located at 1174 South Kirkman Road. This property has a brand new, 15-year, corporate guaranteed, triple net (NNN) ground lease. There are four, five-year renewal options and 10 percent increases every five years throughout the base term and option periods. This is a brand new location; construction was completed in 2018.

This Arby’s is located on Kirkman Road, with a traffic count of 58,000 vehicles per day. The subject property is within walking distance from Valencia College. There is a population of nearly 300,000 within five miles.

The property is four miles from Universal Studios Florida, and six miles from Walt Disney World. Other surrounding national retailers include Wawa, Walgreens, 24 Hour Fitness, Dollar Tree, Cato, T-Mobile, Payless Shoes, Planet Fitness, Dunkin Donuts, McDonald’s, Chipotle and many more.

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