Listed by Lloyd Commercial Advisors
$3,750,000
Henry's Depot
Details
Property Type Retail, Special Purpose
Sub Type QSR/Fast Food, Bar
Square Footage 8,700
Units 10
NOI $297,462
Occupancy 100%
Tenancy Multi
Buildings 1
Acreage 1.280
Investment Type Stabilized
Ground Lease No
Retail | 8,700 SqFt
Marketing description
The property anchors First Street within Sanford's actively redeveloping historic commercial district, benefiting from sustained foot traffic, complementary independent operators, and proximity to the Lake Monroe waterfront.
Investment highlights
- Historic Downtown Sanford Location - The property anchors First Street within Sanford's actively redeveloping historic commercial district, benefiting from sustained foot traffic, complementary independent operators, and proximity to the Lake Monroe waterfront.
- Turnkey Operational Infrastructure - Integrated Toast POS system, shared common areas, established vendor relationships, professional management, and trained staff transfer with the sale, minimizing operational continuity risk for an incoming owner-operator.
- Three-Year Operating History - Consistent occupancy, normalized cash flow, and disciplined expense management across 2023 through 2025 provide a defensible underwriting basis for buyer financing and proforma development.
- Multiple Value-Add Pathways - Tenant mix refinement, expanded event programming, operational synergies between the food hall and bar, and selective lease restructuring as percentage breakpoints mature offer thoughtful buyers organic upside without major capital deployment.
Listing Contacts
Listed by Lloyd Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,462.00
$24,788.50/mo
Valuation Metrics
0
DSCR
7.93%
Cap Rate
7.93%
ROI
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