True NNN Investment Opportunity on Tamiami Trail

Retail-Commercial for Sale
Catylist Listing ID: 30625664
Property Subtypes: Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 1,903 SF
Gross Land Area: 7,500 SF
Sale Price: $515,000
Unit Price: $270.63 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 7.0%
Last Updated: 5/12/2021

Overview / Comments

• Single-tenant NNN investment opportunity on Tamiami Trail with a 7% cap
• 2 drive-through oil change bays and 4 overhead doors with 16 ft. ceilings.
• Recent improvements to the property include: brand new roof all the way
down to the metal, all new tile, new AC ducts, new plumbing, new paint
throughout, new fascia and soffit, new drywall and new wiring in the office,
and the parking lot was patched and resealed.
• Located in between Advance Auto Parts and Midas, and within 1 mile of
popular restaurants such as Bob Evans, Dunkin Donuts, KFC, Little Caesar's,
Luigi's Family Restaurant and Pizzeria, McDonald's, and more!

• Daily traffic count = 45,000

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte
Tax ID/APN: 402226130015
Zoning: CG
Feet of Frontage: 50
Traffic/Vehicle Count: 45,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1985
Zoning Description: Commercial General (CG) - The purpose and intent of this district is to allow general commercial activity.
Lot Frontage: 50 ft.
Easements Description: Crossover easement with neighboring property possible (4135 Tamiami).
Legal Description: PORT CHARLOTTE SEC 25 2ND REPLAT BLK 2103 LT 51 336/808 759/1694 790/284 1310/111 2195/1395 3289/1949 CT3890/754 4036/227

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,559 42,459 89,053
Median Age: 52.46 52.32 52.84
Households: 4,805 19,607 40,646
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