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
Year Built 1972
Annual Tax Amount $3,133
Lot Size 5,662 Sqft
Property Sub-Type Retail
Property Description
437 West Kennedy Boulevard is a prime net-leased convenience store investment in Orlando's high-visibility C-3 Wholesale Commercial District. Situated on a 5,652-square-foot lot, the solid block building was originally constructed in 1972 (renovated in 1983) and offers approximately 2,273 square feet of retail space—including a versatile back room that presents an easy sublease opportunity for additional income. The current five-year NNN lease, which commenced in March 2024 and runs through March 2029 (with a five-year renewal option capped at 10% annual increases), delivers stable, inflation-protected cash flow: $21,600 in Year 1 and $22,680 annually in Years 2–5, all personally guaranteed by the principals. Tenant responsibilities cover utilities, maintenance and repairs, real estate taxes and insurance, while the landlord remains responsible for the roof and four exterior structural walls. Durable built-up roofing, commercial-grade cork tile flooring, central cooling with electric forced-air heating, and professionally maintained drywall interiors underscore the low-burden ownership profile, and the property lies within Flood Zone X for minimal flood risk. With neighborhood values up nearly 7% over the past two years and immediate upside through market-rate rent adjustments, this competitively priced asset is an outstanding opportunity for investors seeking passive income and long-term growth in one of Orlando's most dynamic retail corridors.
Location
State FL
County Orange
Community Lake Lovely Estates Sub
Area 32810 - Orlando/Lockhart
Zoning C-3
Interior
Cooling Central Air
Building
Foundation Slab
Structure Type Block
New Construction false
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6301770