August 21, 2017 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Krystal in Orlando, Florida. Horvath & Tremblay procured the 1031 exchange buyer to close the property at a sale price of $2,085,000, a 5.8% cap rate.
The 1,772-square foot building located at 11376 South Orange Blossom Trail is 100% leased to Krystal. Krystal operates under corporately guaranteed lease with over 14 years remaining on the base term of the triple net lease. Included in the lease are annual rental escalations of 1% and six, 5-year option periods. Krystal is strategically positioned along a main retail corridor with strong visibility and traffic counts in excess of 51,000 vehicles per day. National surrounding retailers include Costco, Walmart Neighborhood Market, LA Fitness, Aldi, Publix, Ross, Bealls, Family Dollar, Big Lots, Tire Kingdom, CVS, Walgreens, Wawa, Panera Bread, Papa John’s, Popeyes, McDonald’s and many more. This unique Orlando asset is located five miles from Seaworld Orlando and less than 10 miles from Walt Disney World and Orlando Studio’s.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.