The Kissimmee site at John Young Parkway and US 192 is the Bronx, NY company's second in Central Florida. Golden Krust opened its first 2,300-sf restaurant Oct. 1 in Mandarin Plaza, 5510 W. Colonial Dr. in west Orlando. That lease was also for 10 years and valued at $400,000, as GlobeSt.com previously reported.
Restaurant brokers Jim Densmore and William Pellatt of Signature Realty Commercial brokered both leases and selected the sites for Golden Krust. Densmore tells GlobeSt.com he is not surprised by the $30-per-sf rent Golden Krust will be paying at its newest location. "The leasing range depends on how much sales generation we project from that specific location," he says.
Prime restaurant sites are difficult to find these days in fast-developing Central Florida locations but they can be found with intense searches, the broker says. "We look for such things as which side of the road the restaurant will be located, neighborhood, demographics, traffic, rooftops, ethnicity, income and age" of residents," Densmore notes.
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