12315 Narcoossee Road - Restaurant FOR SALE


Orlando, FL 32832- Lake Nona
$4,500,000 USD
407-541-4425
12315 Narcoossee Road, Orlando, FL for Sale
$4,500,000 USD
Restaurant - FOR SALE
1/2
null | 4% Cap Rate

12315 Narcoossee Road
Orlando, FL 32832
Lake Nona


OVERVIEW

STRONG NATIONALLY RECOGNIZED TENANTS LONG-TERM GROUND LEASES WITH MULTIPLE OPTIONS PHENOMENAL LOCATION IN A THRIVING SUBMARKET • The offering features Darden brand restaurant Longhorn Steakhouse. • Darden (NYSE: DRI) is the world’s largest full-servicerestaurant company with over 1,800 restaurant locations and over 175,000 employees. • There are over 564 LongHorn Steakhouse locations in the U.S. • Longhorn is a high performer and among the most successful of their respective types. • Darden has a credit rating of BBB on the S&P, and a rating of Baa2 on Moody’s. LONG-TERM GROUND LEASES WITH MULTIPLE OPTIONS • Multiple option periods, extending their leases for an extra 30 years. • Zero landlord responsibility. • Absolute Net Lease. • 1st 10% rent increase is in 3 years. PHENOMENAL LOCATION IN A THRIVING SUBMARKET • Located with high visibility along Narcoossee Rd, which is the main artery through Lake Nona and sees 57,500 AADT. • Just one (1) mile from Interstate 417, which provides access to the International Airport and Disney World. • Lake Nona is a booming submarket, with incredible demographics, a large retail presence and many corporate headquarters, hospital campuses, and technology firms. • Lake Nona’s medical city is Orlando’s fastest-growing,most innovative master-planned community encompassing 7,000 acres. • Features Nemours Children’s Hospital, M.D. Anderson Orlando’s Cancer Research Institute, Orlando VA Medical Center, University of Central Florida’s new College of Medicine and Health Sciences campus, and more. • Close to 58,000 cars per day drive by this property day and night and the area continues to grow rapidly.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$788 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Longhorn Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

PD

APN/PARCEL ID

20-2431-7094-02-000

ASK ABOUT THIS PROPERTY

Chris SmithCushman & WakefieldMore Info
407-541-4425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris SmithCushman & WakefieldMore Info
407-541-4425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.