437 W KENNEDY BLVD Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32810
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $162
Subdivision Lake Lovely Estates Sub
MLS Listing ID O6301770
HOA Y/N No
Originating Board Stellar MLS
Year Built 1972
Annual Tax Amount $3,133
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Retail
Property Description
437 W Kennedy Blvd is a ±2,273 SF net-leased grocery store ideally positioned in Orlando's high-traffic retail corridor. The tenant occupies under a five-year lease commencing March 2024 at $21,600 year one ($1,800/mo) increasing to $22,680 year two through five ($1,890/mo), and holds a five-year renewal option at market rates capped at 10% above prior year. Under the NNN structure, the tenant bears all utilities, maintenance (janitorial, pest control, garbage removal, plumbing, HVAC, landscaping, parking lot, interior and exterior repairs), taxes and insurance, while the landlord remains responsible only for roof and exterior structural walls. The lease is personally guaranteed, providing a credit-worthy income stream with built-in escalations and minimal landlord-side operating costs—an attractive proposition for 1031 exchanges or passive net-lease portfolios.
Location
State FL
County Orange
Community Lake Lovely Estates Sub
Area 32810 - Orlando/Lockhart
Zoning C-3
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6301770