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Abs. NNN Sonic | Orange City, FL 1221 Saxon Blvd 1,603 SF Retail Building Orange City, FL 32763 $2,840,196 CAD ($1,771.80 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 15 Years Remaining on Primary Term; Absolute Triple Net Lease; Zero Landlord Responsibilities; 1.50% Annual Rent Increases
- 40,000+ Cars Per Day; Located Along Premier Retail Artery; Dense Infill; 108,000+ People within 5 Miles
- Neighboring National Retailers Include Home Depot, Lowes, Target, Walmart, Publix
- Strong Unit Level Sales; Extremely Healthy Rent-to-Sales Ratio; Experienced Operator and Strong Guarantor (Contact broker for details);
- Located less than 1 Mile from Florida Turnpike 91; Vehicle Counts Exceed 93,000 Car Per Day
- Property Can Qualify for Significant Bonus/Accelerated Depreciation; Consult a Tax Professional
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,603 SF
Building Class
B
Year Built
2004
Price
$2,840,196 CAD
Price Per SF
$1,771.80 CAD
Cap Rate
5.75%
NOI
$163,311 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
01B4 - Commercial
Parking
25 Spaces (15.6 Spaces per 1,000 SF Leased)
Frontage
149’ on Saxon Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8023-01-13-0160 | Improvements Assessment | $673,114 CAD |
| Land Assessment | $543,222 CAD | Total Assessment | $1,216,335 CAD |
Property Taxes
Parcel Number
8023-01-13-0160
Land Assessment
$543,222 CAD
Improvements Assessment
$673,114 CAD
Total Assessment
$1,216,335 CAD
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Abs. NNN Sonic | Orange City, FL | 1221 Saxon Blvd
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