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$ 769,000
Est. payment | /mo
5,100 SqFt
$ 769,000
Est. payment | /mo
5,100 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $150
MLS Listing ID 1227455
Year Built 1970
Annual Tax Amount $4,601
Lot Size 0.300 Acres
Lot Dimensions 0.3
Property Sub-Type Retail
Source Daytona Beach Area Association of REALTORS®
Property Description
Corporate backed, NNN Napa Auto Parts leased building for sale. 5.01% Cap Rate.
Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years.
Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals.
There is upside on rent here. Current base rent is only $7.55/SF.
Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years.
Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals.
There is upside on rent here. Current base rent is only $7.55/SF.
Location
State FL
County Volusia
Direction Discover the diverse and vibrant community surrounding the location in Port Orange, FL. This retail hub is surrounded by a thriving mix of local and national retailers, creating an ideal environment for a retail/free-standing building investment opportunity.
Exterior
Parking Features Other
Building
Lot Description Other
Others
Senior Community No
Tax ID 6303-12-00-0100
Listed by SVN Alliance Commercial Real Estate Advisors
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William Dailey