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Abs. NNN Sonic | Orange City, FL 1221 Saxon Blvd 1,603 SF Retail Building Orange City, FL 32763 $2,060,891 ($1,285.65/SF) 5.75% Cap Rate
Investment Highlights
- 15 Years Remaining on Primary Term; Absolute Triple Net Lease; Zero Landlord Responsibilities; 1.50% Annual Rent Increases
- 40,000+ Cars Per Day; Located Along Premier Retail Artery; Dense Infill; 108,000+ People within 5 Miles
- Neighboring National Retailers Include Home Depot, Lowes, Target, Walmart, Publix
- Strong Unit Level Sales; Extremely Healthy Rent-to-Sales Ratio; Experienced Operator and Strong Guarantor (Contact broker for details);
- Located less than 1 Mile from Florida Turnpike 91; Vehicle Counts Exceed 93,000 Car Per Day
- Property Can Qualify for Significant Bonus/Accelerated Depreciation; Consult a Tax Professional
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,603 SF
Building Class
B
Year Built
2004
Price
$2,060,891
Price Per SF
$1,285.65
Cap Rate
5.75%
NOI
$118,501
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
01B4 - Commercial
Parking
25 Spaces (15.6 Spaces per 1,000 SF Leased)
Frontage
149’ on Saxon Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8023-01-13-0160 | Improvements Assessment | $486,273 |
| Land Assessment | $392,436 | Total Assessment | $878,709 |
Property Taxes
Parcel Number
8023-01-13-0160
Land Assessment
$392,436
Improvements Assessment
$486,273
Total Assessment
$878,709
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Abs. NNN Sonic | Orange City, FL | 1221 Saxon Blvd
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