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Main Street Auto 154 Mingo Trl 8,588 SF Retail Building Longwood, FL 32750 $3,427,980 CAD ($399.16 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rental Increases
- Income Tax Free State
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 154 Mingo Trail, Longwood, Florida 32750. The site consists of roughly 8588 rentable square feet of building space on an estimated 0.47-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 12/17/2024. The current annual rent is $171,900 and has scheduled increases of 2.00% Annually Starting Year 6.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,588 SF
Building Class
C
Year Built
1973
Price
$3,427,980 CAD
Price Per SF
$399.16 CAD
Cap Rate
7%
NOI
$239,959 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.47 AC
Zoning
I-2, Longwood - Medium Industrial
Parking
9 Spaces (1.04 Spaces per 1,000 SF Leased)
Frontage
140’ on Mingo
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-21-30-300-018J-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $550,228 CAD |
PROPERTY TAXES
Parcel Number
06-21-30-300-018J-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$550,228 CAD
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Main Street Auto | 154 Mingo Trl
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