5320 Irlo Bronson Memorial Hwy Kissimmee, FL 34746-4754
- Turn key restaurants
- 7,044 SF
- 1.86 lot acres
Current Use by Public Records
- Romano's Macaroni Grill / Restaurant / Wine Bar
Property Details for 5320 Irlo Bronson Memorial Hwy
- Year built
- 1994
- Construction
- FRAME
- Lot size
- 1.86 lot acres
- Property size
- 7,044 SF
- Zone code
- OPD
- Property type
- Turn key restaurants
- APN
- 102528371600010050
- APU
- 102528371600010050
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Macaroni Grill restaurant in Kissimmee, Florida. Located on a 7.86-acre lot at 5320 W Irlo Bronson Memorial Hwy (US Hwy 192), this 7,370 square foot, Class B building boasts a prime location in the bustling Orlando Tourist Corridor, less than five miles from Disney World. The property features 141 parking spaces and benefits from high visibility with 39,500 cars passing daily. The current lease, commencing January 1, 2009, and expiring December 17, 2028, provides a remaining term of approximately 4.1 years. The lease includes a corporate guarantee from Romano's Macaroni Grill and features 2.5% annual rent bumps, along with four five-year renewal options, each with built-in rent increases. The property's Net Operating Income (NOI) is $252,588, resulting in a 7.17% cap rate (based on the January 1, 2025, rental increase). Built in 1994, this single-story building sits on a lot zoned OPUD. This is a passive investment with no landlord responsibilities, offering strong returns and long-term stability in a high-traffic, high-demand location. The asking price is $3,525,000, translating to a price per square foot of $478.29. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment in a prime tourist destination.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,745,000
- 6.5%
- $2,970,000
- 7%
- $2,775,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,020,000
- Geo Method
- $2,755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,770,000
- Retail
- $2,755,000
- Mixed-Use
- $2,915,000
- Hospitality
- $2,740,000
- Educational
- $3,375,000
- Residential Income
- $2,940,000
- Energy
- $3,320,000
- Income-Based Land
- $3,125,000
- Food Service
- $2,925,000
Location Insight
- Map
- Local Demand
- City
- Kissimmee
- County
- Osceola
- State
- Florida
- Longitude
- -81.4968
- Latitude
- 28.332
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
