Property ID : 1782-1784 Lee Road
For Lease, For Sale $1,550,000.00 8% Cap Rate - Investment
1782-1784 Lee Road, Orlando, FL 32810
- Multi-Tenant 6,210 SF Building Located on a 29,950 SF Lot
- 1782 – 3,500 SF/(6) Drive Thru Bays (new 5 year lease in 12/2017)
- 1784 – 2,710 SF/(4) Drive Thru Bays (existing tenant has been here for 6 years and will sign new lease or available for a user that wants to occupy)
- As-is leases. Tenant covers all expenses and repairs
- Billboard Income $12k/year with 10-years Remaining on the Lease
- 16’ Clear Height; Office and Waiting Area in Both Spaces
- Fenced in Rear Parking Lot; Pole Signage
- Building Completely Renovated in 2006
- Current NOI is $123,500 with annual increases
- Located at the Major Intersection of Lee Rd. and Edgewater Dr.
- Owner can buy and use 1784 side and the income will service 100% of the debt and expenses and use 1784 side for free
- Owner Financing Available with 30% down at 7% IO on a 10 year term
- OWN FOR LESS THAN RENTING
- Sale Price: $1,550,000 (8% Cap Rate)
- Lease Price: $5,000 (4 Bays – 1784)
- 5 Year Minimum
