1608 Shepherd Lane, Intercession City, FL 33848
- $1,900,000
- 2,400
- SqFt
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- S5143901
- Price Change
- ▼ $100,000 1781212029
- Living Area
- 2,400
- Subdivision
- Cox Rudd Add Intercession City
Property Description
Triple NET NNN Leased Gas Station on the corner of S. Orange Blossom Trail (OBT) and Shepherd Ln. in Intercession City near Kissimmee/St.Cloud. Currently leased for $10,986/month + increases $350/year. Tenant pays property taxes, insurance, and building maintenance. 20-year lease agreement in place with 17 years remaining. 4 fuel pumps - gasoline & diesel + convenience store. Operator runs more than 40 locations in Florida/Georgia. Great investment "mailbox money" No Work!!! Recently remodeled station with new LED canopy lighting. Buy this and receive $10,986/month or $131,832/year NET. This translates to a 6.93% CAP Rate NO WORK, all while the property appreciates in value. An additional adjoining 1/2 acre can be purchased for $350,000 - already cleared and fenced
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Additional Information
- Year Built
- 1975
- Construction
- Block
- Living Area
- 2,400
- Acres
- 0.44
- Cooling
- Central Air
- Parking
- Parking Spaces - 6 to 12
- Stories
- 1
Listing courtesy of LUXURY ORLANDO REAL ESTATE.
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