For Sale $1,850,000.00 (5.5% CAP Rate)
1136 E Altamonte Drive, Altamonte Springs, FL32701
- 10 Year Base Term Lease with (2) Five Year Options to Safelite Corp.
Current NOI is $101,826 with $1,230,000 in minimum payments paid to the Landlord over the next 10 years. Lease Start Date: 5/1/2017
Landlord covers walls, roof, and foundation. Tenant covers all other maintenance. Tenant covers any increases in the expenses over the entire lease term. Tenant pays for the Insurance directly.
8 Bay, 5,760 SF Operating Auto Repair Facility
1,014 SF Nice Showroom Area with Customer Lounge
32,800 SF Zoned MOC-2, 5/1000 Parking Ratio, Direct Curb Cut
2017 Renovated by Tenant, Signalized Intersection, Great Exposure
Co-Tenant with GFS Marketplace Shopping Center
52,500 Vehicles/Day, Great Demographics
Close to I-4, CR-427, The Sun Rail, and HW 17-92
Sales Price: $1,850,000 (5.5% CAP Rate)