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30854840

Confidential, LAKE PLACID, FL 33852

BF
FL FL BK3023711
Net Leased Investment Company
Listed by Net Leased Investment Company
$125,000
115 days on market
Updated 113 days ago

Citgo C-Store - Lake Placid - Florida

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 3,000
Units 1
Cap Rate 80%
NOI $100,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 03/31/2031
Remaining Term 4.8
Price per SqFt $42
Year Built 1999
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.650
Zoning C1
Investment Type Owner/User
Lease Commencement 03/31/2026
Ownership Fee

Excellent Location in Beautiful Lake Placid Florida

Marketing description

Citgo Across From Amazon Distribution

Marketing description

Lake Placid Citgo is situated on US 27 directly across the street from a 370 acre planned industrial park designed for over 1.5 million square feet

https://www.youtube.com/watch?v=9W5nbiqxg0U

Amazon has almost completed their 80,000 sq.ft facility which will employ over 200 people. This site is also across the street from the Lake Placid town hall, and 1/8 mile south of AdventHealth Hospital. This site has always had strong sales, but with Amazon coming in, we are preparing to offer more hot food items and convenience items as we are the closest convenience store to Amazon.

This location is situated in the path of growth. Across from Amazon and the town hall. Duke Power is spearheading a 300 acre industrial and mixed use development

Investment highlights

Current operator is in the process of adding hot food to satisfy all of the workers in the area.

Investment highlights

Convenience Store with strong sales located in growing market. Excellent upside potential.

  • Inside sales - $75,000+/-

  • Lottery - $60-70,000/m

  • Fuel - 25-30,000 g/m, steadily increasing with opening of 80,000 s. f. Amazon which just opened a few hundred years North.

Listing Contacts

BF
FL FL BK3023711
Net Leased Investment Company
Listed by Net Leased Investment Company

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Loan Amount
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Annual Cash Flow
$100,000.00
$8,333.33/mo

Valuation Metrics

0
DSCR
80%
Cap Rate
80%
ROI

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Additional Information

Name
Bob Fraser
License
FL BK3023711
Brokerage Phone
5614080841
Title
FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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