Commercial Real Estate in Orlando

[Account Closed]

I own a building in Orlando on a very busy corner. It's a commercial property currently setup for retail but the size and location are terrific for fast food as well. I've had multiple offers from brokers representing people to rent the location as a triple net lease but I'm worried that they are all low-balling. The current triple net lease that I'm considering is for a 10 year term with 3 extension at 10 years each so if I'm low then it'll be low for 40 years. That has me really worried. I've looked at cap rates for properties on loopnet but to calculate what mine is I'd need to get the value for the property which is again tough to gauge. Anyone with commerical triple net experience in the Orlando area that can tell me what I should be looking to get for a terrific retail/fast food location in terms of $ per sqft or cap rate?