5535 Red Bug Lake Rd - Auto Repair FOR SALE


Winter Springs, FL 32708
$2,543,000 USD
980-498-3293
5535 Red Bug Lake Rd, Winter Springs, FL for Sale
$2,543,000 USD
Auto Repair - FOR SALE
1/4
null | 5.3% Cap Rate

5535 Red Bug Lake Rd
Winter Springs, FL 32708


HIGHLIGHTS

  • GOODYEAR CORPORATE GUARANTEE (S&P B+)
  • 10 + YEARS OF REMAINING LEASE TERM
  • ATTRACTIVE CONTRACTUAL RENTAL GROWTH
  • NNN LEASE STRUCTURE
  • INFILL ORLANDO MSA LOCATION
  • DENSE & AFFLUENT DEMOGRAPHICS

OVERVIEW

Atlantic Capital Partners has been exclusively retained to offer for sale the fee simple interest in a corporate-leased Goodyear Tire & Rubber Company property located at 5535 Red Bug Lake Road in Winter Springs, Florida. The offering presents investors with the opportunity to acquire a well-located automotive service asset backed by one of the industry’s most recognizable brands under a long-term NNN lease with approximately 10.8 years of remaining primary term and six additional five-year renewal options. Constructed as a purpose-built automotive service facility, the 6,426-square-foot property occupies a highly visible position along Red Bug Lake Road, benefiting from traffic counts exceeding 41,900 vehicles per day and strong surrounding residential demographics. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options. Situated within the Orlando MSA, one of the fastest-growing metropolitan areas in the United States, the property benefits from continued population growth, a diverse employment base, and strong long-term consumer demand.

FOR SALE DETAILS

PRICE

$2,543,000 USD

PRICE/SF

$374 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodyear - Winter Springs, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,908 SF

ZONING

PCD

APN/PARCEL ID

24-21-30-300-011G-0000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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