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Sunoco Gas Station and Car Wash
4200 Frontage Rd, Sebring, FL 33870
/// 954-300-2525
1/9
Retail
Asking Price: $7,100,000
Retail
15,755 sq ft
Built 2007
4200 Frontage Rd, Sebring, FL 33870
Additional Details
Property Type - Retail
Subtype - Gas Station
Investment Type - Net Lease
Lease Type - Absolute NNN
Tenancy - Single
Lease Expiration - 08/31/2040
Remaining Term - 18.2 years
Square Footage - 15,755
Price/Sq Ft - $450.65
Cap Rate - 6.04%
Occupancy - 100%
NOI - $429,000
Year Built - 2007
Year Renovated - 2020
Lot Size (acres) - 2.3
Rent Bumps - 7.5%
Gas Pumps - 12
Broker Co-Op - Yes
APN - S-14-34-28-040-0000-01A0
Lease Options - Yes
Investment Highlights
Absolute NNN Lease Investment opportunity located off heavily traveled Highway 27 in Sebring. Twelve pump fuel station/gas station, c-store and car wash. Strong single tenant operator with 50+ locations. 18 years left of a 20 year term. Tenant pays $425,000/yr with 7.5% increases every 5 years. Personal guarantee on lease. Additional income from billboard tenant who pays $4,000/yr. Excellent opportunity for tax savings via bonus depreciation.
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