5320 Irlo Bronson Memorial Hwy Kissimmee, FL 34746-4754

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.

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Longitude

-81.4968

Latitude

28.332

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments