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Listing ID A4192570
Price: $1,690,000
Address
405 N BREVARD
City Name:
ARCADIA
State:
FLORIDA
Postal Code:
34266
Square Feet:
2000
Acres:
0.68
MLS Area Major:
Arcadia
County:
DeSoto
Type:
Commercial
High Traffic Area in Arcadia. North Brevard is also known as US Highway 17, hence the traffic flow at a north / south commercial artery, of approx 10500 vehicles per day per the DOT . This Circle K is approximately 2,000 square feet and sits on a lot that is approximately 29,534 square feet. The building was constructed in the 70's and renovated in 2007. The gas station is Shell branded. The investment is a triple net lease currently running to 2023 with 5 year escalators and options to renew and zero landlord responsibilities, with 5.6% cap rate There are several banks in the immediate area This investment opportunity sits directly across the street from a major area bank. The subject site is located near many local and national commercial establishments as well. Corporate Guaranteed Lease, zero landlord responsibilities.
Additional Features:
Additional Membership Available: n
Additional Parcel: No
Association Approximate Required: No
Auction: No
Block Parcel: W
CDD: n
CDOM: 14
Condo Environment: No
Converted Residence: No
Country: United States
DOM: 14
Exterior Construction: Stucco
Fireplace: No
Flood Zone Code: X
For Lease: No
Freezer Space: No
Homestead: No
Internal ID: 209382712
Lease Terms: Absolute (Triple) Net
Legal Description: A W GILCHRIST SUB OF BONITA BEG SE COR LOT 32 BLK W TH S 88D59M21S W ALG NLY R/W
List Price: 1690000.00
Location: Central Business Distric
Long Term: No
Lot Number: 32
Lot Size SqFt: 29534
Listing Price Per SqFt: 845.00
LSC List Side: Sarasota
MFR Consumer: No
Miscellaneous 2: Fuel Tanks, Gas
Net Leasable SqFt: 4504
New Construction: No
Number of Restrooms: 2
Other Exemptions: No
Other Fees: No
Parcel Number: 31-37-25-0020-00W0-0321
Pet Restrictions: No
Pets Allowed: No
Planned Unit Development: No
Property Status: Existing
Property Style Commercial: Food/Drink Sell/Service, Service/Fueling Station
Property Use: RETAIL COMMERCIAL
Status: Active
Range: 25
Road Frontage: US Highway
Roof: Built Up - T&G
Section: 31
Sidewalk: No
Special Sale Provision: None
Special Tax District Tampa: No
SqFt Gross: 4504
Square Foot Source: Public Records
Taxes: 5253
Tax Year: 2016
Team Name: C & G Team
Total Acreage: 1/2 Acre to 1 Acre
Township: 37
Use Code: B3
Water Access: No
Water Extras: No
Water Frontage: No
Water View: No
Year Built: 1973
Zip Plus: 4503
Zoning: B-3
Zoning Compatible: No
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