Listed by Cushman & Wakefield - Orlando, Florida, Cushman and Wakefield
Unpriced
CASH FLOWING REDEVELOPMENT OPPORTUNITY FAMILY DOLLAR
Details
APN 25-28-04-319001-015010
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 9,476
Net Rentable (SqFt) 70,000
Tenancy Single
Brand/Tenant Family Dollar
Class C
Year Built 2010
Acreage 1.100
Zoning R-2
Parking Spaces 31 spaces
Parking Per SqFt 3.27
Investment Type Redevelopment
Ground Lease No
Retail | 9,476 SqFt
Marketing description
Cushman and Wakefield is pleased to offer for sale, 1058 Berkley Rd Auburndale, FL 33823 a 9,476 SF Family Dollar.
This 100% occupied standing alone building is located in Polk County with an established community with over 27,242 residents in the 3 miles radius.
Investment highlights
- The property offers investors the ability to generate in-place income while evaluating long-term redevelopment, repositioning, or alternative use opportunities supported by the existing cash flow.
- Lease term secured through January 2030 with three (3) additional five-year options extending potential occupancy through January 2045.
- 9,476 SF freestanding retail box on 1.1 acre.
- Average household income: $88,845 withing 3 miles; $89,709 within 5 miles radius.
- Excellent redevelopment opportunity with flexible positioning including retail, medical, service, or community used.
- The lease includes a mutual termination right, providing added flexibility and optionality for future redevelopment, repositioning, or long-term investment strategy execution.
- Projected rental income of $189K; $20 NNN. Supporting strong investment returns
- Located 0.9 miles to the Polk Pkwy exit. Incentives available to qualified tenants. 1-mile from the Walmart Supercenter. Ample parking.
Listing Contacts
Listed by Cushman & Wakefield - Orlando, Florida, Cushman and Wakefield
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