Long Term Credit Investment, Altamonte Springs

For Sale $1,700,000.00 (6% CAP Rate) 
5760 SF Print

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:  $1,700,000 (6% CAP Rate)
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Agent Vincent Wolle, CCIM, SIOR

  • Office : 407-647-0200
  • Mobile : 407-448-1823
  • Fax : 407-647-0205

As the founder of RREP, Vince has had over 18 years experience in the commercial real estate market and has…
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