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5535 Red Bug Lake Rd
Winter Springs, FL 32708
Goodyear - Winter Springs, FL · Retail Property For Sale
Investment Highlights
- GOODYEAR CORPORATE GUARANTEE (S&P B+)
- ATTRACTIVE CONTRACTUAL RENTAL GROWTH
- INFILL ORLANDO MSA LOCATION
- 10 + YEARS OF REMAINING LEASE TERM
- NNN LEASE STRUCTURE
- DENSE & AFFLUENT DEMOGRAPHICS
Executive Summary
Atlantic Capital Partners has been exclusively retained to offer for sale the fee simple interest in a corporate-leased Goodyear Tire & Rubber Company property located at 5535 Red Bug Lake Road in Winter Springs, Florida. The offering presents investors with the opportunity to acquire a well-located automotive service asset backed by one of the industry’s most recognizable brands under a long-term NNN lease with approximately 10.8 years of remaining primary term and six additional five-year renewal options.
Constructed as a purpose-built automotive service facility, the 6,426-square-foot property occupies a highly visible position along Red Bug Lake Road, benefiting from traffic counts exceeding 41,900 vehicles per day and strong surrounding residential demographics. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options.
Situated within the Orlando MSA, one of the fastest-growing metropolitan areas in the United States, the property benefits from continued population growth, a diverse employment base, and strong long-term consumer demand.
Constructed as a purpose-built automotive service facility, the 6,426-square-foot property occupies a highly visible position along Red Bug Lake Road, benefiting from traffic counts exceeding 41,900 vehicles per day and strong surrounding residential demographics. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options.
Situated within the Orlando MSA, one of the fastest-growing metropolitan areas in the United States, the property benefits from continued population growth, a diverse employment base, and strong long-term consumer demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,426 SF
Building Class
C
Year Built
1992
Price
$3,518,495 CAD
Price Per SF
$547.54 CAD
Cap Rate
5.30%
NOI
$186,479 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.80 AC
Zoning
PCD
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 24-21-30-300-011G-0000 | Improvements Assessment | $612,213 CAD |
| Land Assessment | $1,067,476 CAD | Total Assessment | $1,679,689 CAD |
Property Taxes
Parcel Number
24-21-30-300-011G-0000
Land Assessment
$1,067,476 CAD
Improvements Assessment
$612,213 CAD
Total Assessment
$1,679,689 CAD
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