Applebee's NNN Restaurant
4759 West Irlo Bronson Memorial Highway, Kissimmee, FL 34746
For Sale
Contact for pricing
The tenant occupies the property under a 15-year triple-net lease with scheduled rent increases.
Property Size6,126 SF
Lot Size1.18 Acres
Price / SF$571.34
Days on Market19
Property Features for 4759 West Irlo Bronson Memorial Highway
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Tenant in Place
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Applebee's restaurant occupies a 6,126-square-foot building on an approximately 1.18-acre parcel in Kissimmee, Florida. The property is subject to a 15-year triple-net lease that began May 1, 2026, with rent increases of 10% every five years. The listing identifies a corporate guarantee.
Key Highlights
- Applebee's corporate‑guaranteed lease
- 6,126‑square‑foot restaurant building
- Approximately 1.18‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,597
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,940
$2.7M
Cap Rate 7%
$1,894,243
$1.9M
Cap Rate 9%
$1,473,300
$1.5M
Market Conditions
NOI Build-Up for 6,126 SF
Gross rent
$183.8K $30.00/SF
− Vacancy
−$7.0K −$1.14/SF
EGI
$176.8K $28.86/SF
− OpEx
−$44.2K −$7.22/SF
NOI
$132.6K $21.65/SF
Area
Osceola County, FL
Vacancy
3.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,940
Cap Rate 7%
$1,894,243
Cap Rate 9%
$1,473,300
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,597 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
313k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 57%
Shops & Services 17%
Dining 15%
Apparel 8%
Target
Superstores
90,483 visits/mo
0.2 miles
Sam's Club
Superstores
88,810 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
35,496 visits/mo
0.2 miles
Marshalls
Apparel
18,572 visits/mo
0.3 miles
Wendy's
Dining
12,868 visits/mo
0.3 miles
Demographics for 34746, FL
56,344
Population
25,533
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
44.0 sq mi
ZIP Area
1,281
Density / Sq Mi
$67,677
Median Household Income
$33,592
Median Earnings
$1,793
Median Rent
$328,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The tenant occupies the property under a 15-year triple-net lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 4759 West Irlo Bronson Memorial Highway Kissimmee, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Applebee's corporate‑guaranteed lease; 6,126‑square‑foot restaurant building; Approximately 1.18‑acre parcel
