405 N Brevard Ave

$1,650,000, 2,000 Sqft .68 Acres

About This Property

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 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. There is approx 7 years left on lease and at closing the seller has agreed to pay the difference with current rental rate and what rate would be at full lease term.

Essential Information

MLS® #A4192570
Square Footage2,000
Year Built1973

Community Information

Address405 N Brevard Ave
Zip Code34266


ViewCentral Business Distric


Lot Description1/2 Acre to 1 Acre
RoofBuilt Up - T&G

Additional Information

Days on Market206

Listing Details

OfficeBerkshire Hathaway HomeService

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405 N Brevard Ave, Arcadia (MLS® #A4192570) Property History

Price Reduced from $1,690,000 to $1,650,000

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Listing data comes from My Florida Regional MLS.

Listing information last updated on February 17th, 2018 at 4:18pm EST.

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