APPLEBEE'S | 6324 International Dr
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APPLEBEE'S 6324 International Dr
6,968 SF Retail Building Orlando, FL 32819 $5,062,962 ($727/SF) 6% Cap Rate
Investment Highlights
- Over ±9.50 years remaining on the primary term with Six, 5-year options to extend
- Absolute NNN lease that is perfect for investors seeking a hands off, reliable investment
- Strategically positioned along International Drive (±27,000 VPD), the Property benefits from having more than 200 total feet of superior frontage.
- The lease includes 1.00% annual rental increases providing an investor with a hedge against inflation and an annually increasing cash flow stream.
- Lease guaranteed by Neighborhood Restaurant Partners Florida, LLC, a premier franchise of Applebee’s. The franchise operates 60 units in the state of
- Generational real estate located in the heart of the world-renowned tourist hotspot, more than 6,100 hotel rooms surround the Properties within only a
Executive Summary
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,968 SF
Building Class
B
Year Built/Renovated
1978/2014
Price
$5,062,962
Price Per SF
$727
Cap Rate
6%
NOI
$303,778
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
1.48 AC
Zoning
AC-3, Orlando
Parking
70 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
193 FT on International Dr
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 28-2325-2760-00-010 | Improvements Assessment | $1,435,842 |
| Land Assessment | $1,935,371 | Total Assessment | $3,371,213 |
PROPERTY TAXES
Parcel Number
28-2325-2760-00-010
Land Assessment
$1,935,371
Improvements Assessment
$1,435,842
Total Assessment
$3,371,213
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Edward Desimone -
Matthews Real Estate Investment Services
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APPLEBEE'S | 6324 International Dr
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