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NNN Investment Sale - Cielito Lindo Mexican 1701 N Rock Springs Rd 4,144 SF Retail Building Apopka, FL 32712 $2,058,000 ($496.62/SF) 7% Cap Rate
Executive Summary
• True triple net lease structure.
• Experienced operator with 6 different locations and a personally guaranteed lease.
• 9 years of remaining lease term providing an excellent opportunity for investors looking for an annuity-type investment with minimal landlord responsibility.
• Abundant parking with 38 surface spaces giving the asset over a 9/1,000 parking ratio.
• The Property has been meticulously maintained and was completely renovated with high-quality upgrades including a new roof and HVAC systems in 2022.
• Located in rapidly growing Northeast Apopka near to Wekiwa Springs State Park, a 7,000-acre state park with rivers and natural springs. The park draws in over 324,127 annual visitors.
• Dense residential immediately surrounding the Property.
• Experienced operator with 6 different locations and a personally guaranteed lease.
• 9 years of remaining lease term providing an excellent opportunity for investors looking for an annuity-type investment with minimal landlord responsibility.
• Abundant parking with 38 surface spaces giving the asset over a 9/1,000 parking ratio.
• The Property has been meticulously maintained and was completely renovated with high-quality upgrades including a new roof and HVAC systems in 2022.
• Located in rapidly growing Northeast Apopka near to Wekiwa Springs State Park, a 7,000-acre state park with rivers and natural springs. The park draws in over 324,127 annual visitors.
• Dense residential immediately surrounding the Property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,144 SF
Building Class
B
Year Built
2005
Price
$2,058,000
Price Per SF
$496.62
Cap Rate
7%
NOI
$144,045
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.77 AC
Zoning
PUD - Planned Development - City of Apopka
Parking
38 Spaces (9.17 Spaces per 1,000 SF Leased)
Frontage
51’ on Rock Springs Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-2028-9122-00-060 | Improvements Assessment | $1,081,910 |
| Land Assessment | $520,616 | Total Assessment | $1,602,526 |
Property Taxes
Parcel Number
34-2028-9122-00-060
Land Assessment
$520,616
Improvements Assessment
$1,081,910
Total Assessment
$1,602,526
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NNN Investment Sale - Cielito Lindo Mexican | 1701 N Rock Springs Rd
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