16515 US Highway 331 S - Auto Repair FOR SALE


Freeport, FL 32439
$3,809,524 USD
914-403-7574
16515 US Highway 331 S, Freeport, FL for Sale
$3,809,524 USD
Auto Repair - FOR SALE
1/3
null | 5.25% Cap Rate

16515 US Highway 331 S
Freeport, FL 32439


HIGHLIGHTS

  • Excellent Corporate Guarantee from Leading Tire Retailer
  • Income Tax-Free State
  • Growing Area

OVERVIEW

Surmount is pleased to present the exclusive listing for an Express Oil Change located at 16515 U.S. 331, Freeport, FL 32439. The site consists of roughly 5,673 rentable square feet of building space on an estimated 1.71-acre parcel of land. Express Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $200,000 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$3,809,524 USD

PRICE/SF

$672 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,157 SF

ZONING

-

APN/PARCEL ID

23-1S-19-23000-001-0045

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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