765 3rd Ave - Convenience Store FOR SALE


New Smyrna Beach, FL 32169
$2,500,000 USD
818-632-9542
765 3rd Ave, New Smyrna Beach, FL for Sale
$2,500,000 USD
Convenience Store - FOR SALE
1/3
null | 7% Cap Rate

765 3rd Ave
New Smyrna Beach, FL 32169


HIGHLIGHTS

  • Brand-New 20-Year Absolute NNN Sale-Leaseback
  • Strong Rental Rate With Built-In Growth
  • Growing Multi-Unit Operator
  • Fee Simple Ownership

OVERVIEW

Surmount is pleased to present the exclusive listing for a Chevron located at 765 East 3rd Avenue, New Smyrna Beach, FL 32169. The site consists of roughly 3,495 rentable square feet of building space on an estimated .57-acre parcel of land. This Chevron is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The current annual rent is $175,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$627 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chevron | 20-Year Sale Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

10B2

APN/PARCEL ID

7416-05-28-0060

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

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