Orlando, Florida · 46,101 SF · Retail Property For Sale – $7,000,000
Firkin & Kegler Family Entertainment Center – SLB (sale leaseback)
|Price||$7,000,000||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Building Size||46,101 SF||Cap Rate||7%|
|Price per SF||$151.84||Tenancy||Single|
|Property Type||Retail||Year Built||2007|
|Property Sub-type||Free Standing Bldg||Lot Size||3.32 AC|
Orlando Commercial Property Description
10 Year NNN Sale Leaseback of Family Entertainment Center in Orlando, FL
Since 2007, the Firkin & Kegler Family Entertainment Center has been East Orlando’ s go-to spot for a variety of family friendly fun activities. The festive facility has an abundance of entertainment options including bowling, billiards, darts, a family pub – restaurant, an adult pub and sports bar with a dance floor, a swipe-card arcade, small ball bowling, a golf simulator, outdoor deck seating, private party and banquet rooms, a presentation center and more. The Firkin & Kegler combines a night club atmosphere associated with many modern bowling lounges with the youth-oriented activities of a family entertainment center. It is a unique hybrid that attracts guests of all ages.
The facility features 32 modern bowling lanes that were provided and installed by US Bowling Corp. They have interchangeable kid bumpers for bowlers of all skill levels. In 2008, the Firkin & Kegler Family Entertainment Center won Best New Center in the Bowlers Journal International 24th annual Architecture and Design Awards.
Orlando, Florida is a city located in Central Florida that is known for its tropical climate, relaxed lifestyle, and bustling business scene. As of the 2016 census, the Orlando metropolitan area had a population of 2,387,138. Nicknamed The City Beautiful , Orlando is known not only for its picturesque cityscape but also its tourist attractions that drew in more than 62 million visitors in 2014. The world-renowned Walt Disney World, Universal Studios, and SeaWorld are amongst a few of the popular attractions that serve the Orlando area.
This Commercial Property For Sale is located about 12 miles east of downtown Orlando is the Firkin & Kegler Family Entertainment Center. The family fun center is just a few miles south of the University of Central Florida, which is the largest university campus by enrollment (approximately 64,000 students) in the United States. Firkin & Kegler is adjacent to the popular Waterford Lakes Town Center. This area is a hot spot for college students and families alike. This would be an excellent choice for a replacement property with a 1031 Exchange.
- Brand New, Abs. NNN 10 Yr Lease – Investors looking for minimal management obligations & long term stable cash flow will find this asset appealing.
- Highly-Coveted Central Florida Location – Property is located in Orlando which is one of the top-ten fastest-growing major metros in the country.
- Dense Retail Trade Area – Property benefits from the customer traffic generated by Waterford Lakes Town Center.
- Hard Corner With High Visibility – Property is located on the signalized intersection of Woodbury Rd and Waterford Lakes Pkwy.
- Strong Demographics – Within a five (5) mile radius, there is a local population of nearly 200,000 residents and an average age of 33.
- Proximity to Major University – Located +/- 4 mi away from University of Central Florida, the largest university campus by enrollment in the U.S.
Contact us for Commercial Properties For Sale in Florida.
O’Reilly Commercial Realty LLC
Phone: (352) 237-2222
12850 Waterford Lakes Pkwy, Orlando, FL 32828 (Orange County)
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Property ID 377948