2925 Corrine Dr - Service Station FOR SALE


Orlando, FL 32803- Audubon Park
$3,758,700 USD
703-477-1315
2925 Corrine Dr, Orlando, FL for Sale
$3,758,700 USD
Service Station - FOR SALE
1/16
null | 5% Cap Rate

2925 Corrine Dr
Orlando, FL 32803
Audubon Park


HIGHLIGHTS

  • Absolute NNN Lease | 10% Increase in 2031
  • Five, 5-Year Renewal Options | 7.5% Increase in Options 1-4 | FMRV Increase in Option 5
  • Long-Term Operating History of 43 Years
  • Located at the Hard Corner of the Signalized Intersection of Corrine Drive (11,900 VPD) and Winter Park Road (6,900 VPD)
  • Less Than 3 Miles from the On-Ramp to I-4 (194,500) -- a major highway that runs through the heart of Orlando
  • Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 3.92M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 2,523-square-foot 7-Eleven Gas Station & Convenience Store situated on 0.39 acre in Orlando, Florida (MSA Population: 2.93M+). 7-Eleven’s absolute NNN lease features ±10.5 years of primary term remaining with a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first four options and is set to FMRV in the fifth option.

FOR SALE DETAILS

PRICE

$3,758,700 USD

PRICE/SF

$1,104 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,875 SF

ZONING

AC-4

APN/PARCEL ID

19-2230-0324-18-090

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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