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Express Oil Change Sale-Leaseback 16515 US Highway 331 S 5,673 SF 100% Leased Retail Building Freeport, FL 32439 $5,189,181 CAD ($914.72 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Growing Area
- Income Tax-Free State
Executive Summary
Surmount is pleased to present the exclusive listing for an Express Oil Change located at 16515 U.S. 331, Freeport, FL 32439. The site consists of roughly 5,673 rentable square feet of building space on an estimated 1.71-acre parcel of land. Express Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $200,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,673 SF
Year Built
2025
Price
$5,189,181 CAD
Price Per SF
$914.72 CAD
Cap Rate
5.25%
NOI
$272,432 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
1.71 AC
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Christopher Marks -
Glen Kunofsky -
Surmount
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Express Oil Change Sale-Leaseback | 16515 US Highway 331 S
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