4651 S Ridgewood Ave - Auto Repair FOR SALE


Port Orange, FL 32127- Outer Port Orange
$769,000 USD
386-999-1762
4651 S Ridgewood Ave, Port Orange, FL for Sale
$769,000 USD
Auto Repair - FOR SALE
1/9
null | Request Cap Rate

4651 S Ridgewood Ave
Port Orange, FL 32127
Outer Port Orange


HIGHLIGHTS

  • Single-Tenant, NNN Property For Sale (Napa Auto Parts)

OVERVIEW

Corporate backed, NNN Napa Auto Parts leased building for sale. 5.01% Cap Rate. Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years. Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals. There is upside on rent here. Current base rent is only $7.55/SF.

FOR SALE DETAILS

PRICE

$769,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

Ridgewood Business Distri

APN/PARCEL ID

6303-12-00-0100

ASK ABOUT THIS PROPERTY

Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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