290 N Courtenay Pky - Service Station FOR SALE


Merritt Island, FL 32953
$3,692,600 USD
404-441-3849
290 N Courtenay Pky, Merritt Island, FL for Sale
$3,692,600 USD
Service Station - FOR SALE
1/7
null | 7.25% Cap Rate

290 N Courtenay Pky
Merritt Island, FL 32953


HIGHLIGHTS

  • STRONG TENANT
  • LONG-TERM ABSOLUTE NNN LEASE WITH GUARANTY
  • ZERO LANDLORD RESPONSIBILITIES

OVERVIEW

CBRE is pleased to offer for sale the 3,094 SF Fresh Stop fuel and convenience store located on 0.75 acres in Merritt Island, FL- a component of the Palm Bay–Melbourne–Titusville, FL MSA.? At closing, Fresh Stop will execute an individual 20-year absolute NNN lease featuring a guaranty from Madison Capital Group LLC and 2.00% annual rent increases through the primary term and in each of the four, 5-year renewal options.?

FOR SALE DETAILS

PRICE

$3,692,600 USD

PRICE/SF

$1,001 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresh Stop: Merritt Island, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

BU1

APN/PARCEL ID

24-36-35-00-00058.0-0000.00

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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