13045 Spring Hill Dr - Convenience Store FOR SALE
Spring Hill, FL 34609 |
$8,305,241 USD
843-517-8165
13045 Spring Hill Dr
Spring Hill, FL 34609
HIGHLIGHTS
- 17.5 Years Remaining on an Absolute Triple Net (NNN) Lease, Offering No Landlord Responsibilities
- Located on the Corner of Two Main Streets (Linden and Spring Drive) With a Combined Traffic Count of 41,718
- Blended CAP Rate of 10.04% Over the Remainder of the Primary Lease Term
- Offers 12 Fueling Stations With Features Such as Pay-at-the- Pump Services, an ATM, and a Convenience Store
- 5-Mile Radius Population Exceeding 100,000 With an Average Household Income of $85,171, Creating a Robust Customer Base
- Annual Rent Escalation of 3.25% Provides Built-In Income Growth, Protects Against Inflation, and Enhances Both Yield and Long-Term Property Value
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,335 SF Mobil Gas Station and Strip Center Station Located at 13045 Spring Hill Drive in Spring Hill, FL. This Deal Includes 17.5 Years Remaining on an Absolute Triple Net (NNN) Lease, Offering No Landlord Responsibilities, Providing For a Secured Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$8,305,241 USD
PRICE/SF
$890 USD /SF
CAP RATE
7.55%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mobil Gas Station and Strip Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
2.03 AC
LAND SF
88,427 SF
ZONING
Commercial
APN/PARCEL ID
R32-323-17-5130-0859-0120
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843-517-8165
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843-517-8165
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