1401 Reid St - Freestanding FOR SALE


Palatka, FL 32177
$1,190,000 USD
904-569-6738
1401 Reid St, Palatka, FL for Sale
$1,190,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

1401 Reid St
Palatka, FL 32177


HIGHLIGHTS

  • This turnkey, brand-new retail property is located on Reid St (State Road 100)
  • Tenant: National brand Dunkin’ Donuts on a long-term lease.
  • Stable Cash Flow: $60K NOI
  • Future Upside: Rent escalation potential in the next 5 years.

OVERVIEW

Current Gross Monthly Rent: $5,000.00 Current Gross Yearly Rent: $60,000.00 Current NOI: $60,000.00 Current Cap Rate: 5.00% Potential Gross Monthly Rent: $5,500.00 Potential Gross Yearly Rent: $66,000.00 Potential NOI: $66,000.00 Potential Cap Rate: 5.50% Asking price: $1,200,000 ??Showing a property visits by appointment only. ?? Call\ Text to schedule

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C2

APN/PARCEL ID

42-10-27-6850-2640-0060

ASK ABOUT THIS PROPERTY

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904-569-6738

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Dror AttiasAcre ExpertMore Info
904-569-6738

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.