16515 US Highway 331 S - Retail 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
Retail - 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

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change Sale-Leaseback

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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