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Perkins 5170 W Irlo Bronson Memorial Hwy 5,833 SF Retail Building Kissimmee, FL 34746 $6,815,677 CAD ($1,168.47 CAD/SF) 6% Cap Rate

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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

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,833 SF

Building Class

Year Built/Renovated

1977/2005

Price

$6,815,677 CAD

Price Per SF

$1,168.47 CAD

Cap Rate

NOI

$408,930 CAD

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

204’ on Irlo Bronson Memorial

Pylon Sign

Restaurant

Monument Signage

Accommodation and Food Services
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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.