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.
405 N Brevard Ave, Arcadia (MLS® #A4192570) Property History
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Listing information last updated on February 17th, 2018 at 4:18pm EST.