Property History
Property Type
Property Type
Property Subtype
Marketing Description
1.27 acres with 4,446 sq. ft. commercial building constructed in 1993 abutting busy US 441 / Orange Blossom Trail (OBT). The most recent AADT traffic count is 56,580 cars/day. Property situated approximately 1,600’ south of I-4 / US 441 interchange. The frontage area of US 441 / OBT adjacent to the Property recently underwent significant beautification renovations including: street lighting, roadway improvements, sidewalk enhancements, and landscaping. Property is zoned C3 & C2 and past uses include branded dine-in restaurant and used car dealerships. Parking lot includes 63 parking spaces and an abundance of overhead lighting. Property directly fronts US 441 / OBT and is accessed via both 37th Street and 38th Street abutting the Property along it’s northern and southern boundary. Tenant recently vacated unexpectedly. The NOI for the twelve months ending 03/31/23 was $258,450 (10 Cap). This is a large and unique commercial parcel with a nice building situated along the very busy US 441/OBT with outstanding traffic counts and strong rent potential. AVAILABLE FOR SALE OR LEASE.
Property Type
Property Type
Property Subtype
Asking Details
Asking Cap Rate
Investment Highlights
- 4,446 SF Newly Renovated ideal investment property
- New 10 year NNN lease with renewal options
- Annual rent increases
- Owner only responsible for roof/ac/structure
- National Auto Dealer tenant with multiple locations
- 55,354 SF C-3 Zoned Site
- 60 Parking Spaces
- High Traffic Exposure with over 62,000 Cars per Day
- Surrounded by National Retail and Restaurants
- 8% Cap rate based on net annual income
- Sales Price: $3,000,000
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Map
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