NNN Car Dealership
Retail-Commercial
for Sale
| Catylist Listing ID: |
30673929 |
| Building Status: |
Proposed |
| Building Size (RSF): |
5,541 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,375,000 |
| Unit Price: |
$248.15 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
6.36% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
1/22/2021 |
Overview / Comments
|
Prime Investment opportunity for corner car lot on US Highway 19 lease to USA Auto Sales which have over 30 locations throughout the South East. This triple-net leased facility contains 1.249 AC MOL and a 5,541 SF building containing a reception area, kitchen, break-room/conference room, 3 covered detail bays, 3 garage bays/workshops, and a server room. This is an excellent 1031 exchange with future upside of redevelopment along the US Highway 19 Corridor. The initial lease term is 5 years with with 3.5 years remaining and two five year options. New 314 Unit Apartment Complex under construction just to the North. The current NOI is $87,472 per year with a 6.36% CAP.
|
Additional Details
| Nearest MSA: |
Tampa-St. Petersburg-Clearwater |
| County: |
Pinellas |
| Tax ID/APN: |
16 29 19 00000 140 0600 |
| Tenancy: |
Single Tenant |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,078 |
103,503 |
259,507 |
| Median Age: |
50.69 |
45.02 |
45.24 |
| Households: |
5,717 |
46,056 |
117,260 |
|
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Exchange Florida nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
