Description
Triple NET NNN Leased Gas Station on the corner of S. Orange Blossom Trail (OBT) and Shepherd Ln. in Intercession City near Kissimmee/St.Cloud. Currently leased for $10, 986/month + increases $350/year. Tenant pays property taxes, insurance, and building maintenance. 20-year lease agreement in place with 17 years remaining. 4 fuel pumps – gasoline & diesel + convenience store. Operator runs more than 40 locations in Florida/Georgia. Great investment “mailbox money” No Work!!! Recently remodeled station with new LED canopy lighting. Buy this and receive $10, 986/month or $131, 832/year NET. This translates to a 6.93% CAP Rate NO WORK, all while the property appreciates in value. An additional adjoining 1/2 acre can be purchased for $350, 000 – already cleared and fenced
Details
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Property ID S5143901
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Price $1,900,000
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Property Size 4130 Sqft
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Land Area 0.44 Acres
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Year Built 1975
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Property Type Business, Commercial Sale
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Property Status Active
Additional details
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Listing Terms Cash, Commercial Financing
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Roof Membrane
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Cooling Central Air
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County Osceola
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Property Type Commercial Sale
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Parking Parking Spaces - 6 to 12
Address
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Address: 1608 SHEPHERD LANE
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State/county: FL
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Zip/Postal Code: 33848
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Country: US