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100 S Spring Garden Ave 5,049 SF Retail Building Deland, FL 32720 $5,000,000 ($990.30/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- High traffic,Busy intersection
EXECUTIVE SUMMARY
This Shell Gas station and C-store located in a densely populated neighborhood with high traffic and lighted intersection on 15-A & highway 44. It has been there for over 30 years with a lot of loyal customers. This is great investment property, only business can generate 12% cap rate. And 6% cap rate for rental income.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,049 SF
Building Class
C
Year Built
1978
Price
$5,000,000
Price Per SF
$990.30
Cap Rate
7%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.69 AC
Zoning
01B4 - Heavy Business
Parking
15 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
ABOUT 100 S SPRING GARDEN AVE , DELAND, FL 32720
This Shell Gas station and C-store located in a densely populated neighborhood with high traffic and lighted intersection on 15-A & highway 44. It has been there for over 30 years with a lot of loyal customers. This is great investment property which generate 12% cap rate.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Direct Auto Insurance
- -
- 2,000 SF
- -
- -
- Shell
- -
- 2,500 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Direct Auto Insurance | - | 2,000 SF | - | - | ||
| Shell | - | 2,500 SF | - | - |
PROPERTY TAXES
| Parcel Number | 7018-08-01-0010 | Improvements Assessment | $406,541 |
| Land Assessment | $202,500 | Total Assessment | $609,041 |
PROPERTY TAXES
Parcel Number
7018-08-01-0010
Land Assessment
$202,500
Improvements Assessment
$406,541
Total Assessment
$609,041
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100 S Spring Garden Ave
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