Listed by SRS Real Estate Partners Tampa
$3,236,000
Firestone - Port Charlotte FL
Details
APN 40-23-06-100-013
Property Type Retail
Sub Type Auto Shop
Square Footage 5,798
Cap Rate 5.25%
NOI $169,902
Occupancy 100%
Tenancy Single
Brand/Tenant Firestone
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options 5 (5-Year)
Price per SqFt $558
Broker Co-Op Yes
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 1.000
Zoning PD: Planned Development
Parking Spaces 38 spaces
Parking Per SqFt 6.55
Investment Type Net Lease
Lease Commencement 02/01/2019
Ground Lease No
Ownership Fee Simple
8 Years Remaining | Abs. NNN Lease
Investment highlights
- 8 Years Remaining | Options To Extend | Scheduled Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Across From Publix Anchored Center | Dense Retail Corridor
- Punta Gorda MSA | Growing Submarket
- Near Signalized, Hard Corner Intersection | Interstate 75 Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,902.00
$14,158.50/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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