NNN Investment Sale of Miller’s Ale House in Kissimmee, FL

Calkain Companies', a national real estate investment brokerage firm, recently completed the sale of the newly constructed 7,972SF investment property leased to Miller's Ale House on a long-term, NNN basis. The purchaser was a local investor seeking a passive, incoming-producing asset and was attracted to the solid local market. The property is located at 8123 Irlo Bronson Memorial Highway in Kissimmee, Florida.

 
Kissimmee, FL

Calkain's Patrick Nutt brokered the transaction, providing exclusive representation to the seller, Insite Kissimmee, LLC, a national developer, owner, and manager of commercial real estate.  While Miller's Ale House is a solid national casual dining brand, the proximity to Disney attractions such as Disney's Animal Kingdom, Epcot, and Walt Disney World helped draw additional activity during the marketing phase of the transaction.  Nutt commented, “In today's market, investors not only want a solid corporation behind the lease, they want to know that a location is set up for long term success, no matter what the industry.”  Nutt continues, “This is just a great restaurant site, truly catered to Ale House's core market. Area anchors, Publix and Target provide an added bonus.”  The transaction closed showing a sale price of roughly $650 per square foot.
Calkain is a full service real estate investment brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office net-leased transactions as well as asset management, tax planning, and advisory services.  Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, Bethesda, MD, Wilmington, DE and Boston, MA.  Additional information about the firm and its listings may be found at www.calkain.com