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- LoopNet Team
4200 Frontage Rd
Sebring, FL 33870
SUNOCO + AUTOMATED/SELF-SERVICE CARWASH · Land For Sale
·
2.30 AC
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with an Attractive 7.50% Rental Escalations Every 5 Years
- Tenant is Investing ±$1,000,000 for Remodeling, Slated for Completion by YE 2021
- Situated on a Large ±2.30-Acre Lot with Great Highway Visibility on US Hwy 27 N where Traffic Counts Exceed 39,000 CPD!
- Seasoned Gas Station Operators with Forty 76 Branded Gas Stations (±50 by YE 2020!)
- YE 2019 Sales in Excess of $5,000,000 with an Attractive 8.49% Rent to Sales Ratio!
- 2020 DEMOGRAPHICS: Total Population (5-MI): 46,346 | Average Household Income (3-MI): $58,409
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.30 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial | ||
| Zoning | C1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.30 AC |
| No. Stories | 1 |
| Zoning | C1 |
DESCRIPTION
SUNOCO has a Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations every 5 Years. The tenant, BOCA SUNSHINE PETROLEUM 2, LLC, is a Seasoned Gas Station Operator with Forty 76 Branded Gas Stations (±50 by YE 2020!). EXTREMELY STRONG Personal Guarantors Back the Performance of the Lease, with a Combined Net Worth in Excess of $130,000,000! This site Currently Qualifies for Bonus Depreciation, Allowing Landlord to Accelerate 100% of the Building, Cost of Canopies, Fuel Tanks/Pumps, Carwash, Equipment, etc. in the First Year! The YE 2019 Sales were in Excess of $5,000,000 with an Attractive 8.49% Rent to Sales Ratio! The Tenant is Investing ±$1,000,000 for Remodeling, Slated for Completion by YE 2021! This location is Situated on a Large ±2.30-Acre Lot, with Great Highway Visibility on US Hwy 27 N, where Traffic Counts Exceed 39,000 CPD! Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Home Depot, Publix Super Market, Winn-Dixie, ALDI, Ashley HomeStore, Bed Bath & Beyond, Ross Dress for Less, Marshalls, Books-A-Million, Aaron’s, Advance Auto Parts, Sherwin Williams, Gold’s Gym, Petco, Pet Supermarket and Office Depot; Less than 5 miles from South Florida State College (a public college offering numerous degrees & programs serving 2,780 students); 2 miles from AdventHealth Sebring (an acute-care hospital providing healthcare services with 159 beds). *In Association with Florida Local Broker: Brian Brockman | Bang Realty-Naples, Inc | FL License # BK3327646
PROPERTY TAXES
| Parcel Number | S-14-34-28-040-0000-01A0 | Improvements Assessment | $1,305,480 |
| Land Assessment | $450,500 | Total Assessment | $1,755,980 |
PROPERTY TAXES
