1994-2004 PLACID LAKE Blvd - Supermarket FOR SALE
Lake Placid, FL 33852 |
1994-2004 PLACID LAKE Blvd
Lake Placid, FL 33852
HIGHLIGHTS
- Gas Station Tenant With a 20-Year Absolute Triple Net (NNN) Lease as the Anchor Tenant, Providing a Stable & Long-Term Income Stream
- Four (4) of the Five (5) Units Are Fully Occupied, With Flexible Leases Below Market Rent, Offering Immediate Cash Flow
- Opportunity to Convert Gross Leases to NNN and Extend Current Terms to Maximize Profitability
- Expansive Property Spanning Over 5 Acres, Providing Ample Room For Expansion and Development, Contributing to Increased Cash Flow
- Located in the Income Tax-Free State of Florida, Offering a Favorable Financial Environment For Investors
- C-Stores Have the Potential to Qualify For Bonus Depreciation; Please Consult Your Tax Attorney or CPA to Discuss This Further
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Placid Lakes Plaza - Lake Placid, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
6280
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
C-14-37-29-090-00B0-0000
