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4651 S Ridgewood Ave 5,100 SF Retail Building Port Orange, FL 32127 $769,000 ($150.78/SF)
Investment Highlights
- Single-Tenant, NNN Property For Sale (Napa Auto Parts)
Executive Summary
Corporate backed, NNN Napa Auto Parts leased building for sale. 5.01% Cap Rate.
Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years.
Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals.
There is upside on rent here. Current base rent is only $7.55/SF.
Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years.
Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals.
There is upside on rent here. Current base rent is only $7.55/SF.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,100 SF
Building Class
B
Year Built
1970
Price
$769,000
Price Per SF
$150.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
Ridgewood Business Distri - Ridgewood Business District
Parking
15 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Wall Automotive Group, Inc.
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Wall Automotive Group, Inc. | Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6303-12-00-0100 | Improvements Assessment | $173,029 |
| Land Assessment | $81,000 | Total Assessment | $254,029 |
Property Taxes
Parcel Number
6303-12-00-0100
Land Assessment
$81,000
Improvements Assessment
$173,029
Total Assessment
$254,029
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4651 S Ridgewood Ave
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