4651 S Ridgewood Avenue
Port Orange, FL 32127

Listed at $769,000

Details

  • MLS# 1227455
  • Commercial - Retail
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.300 acres
  • Built in 1970
  • Local Schools

Description

Corporate backed, NNN Napa Auto Parts leased building for sale. 5.01% Cap Rate.Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years.Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals.There is upside on rent here. Current base rent is only $7.55/SF.

Features

  • $4,601 Taxes
  • Built in 1970
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All Property Features

  • Property Type: Commercial - Retail
  • Business Type: Auto Service, Commercial, Retail
  • Days on Site: 2
  • Directions: Discover the diverse and vibrant community surrounding the location in Port Orange, FL. This retail hub is surrounded by a thriving mix of local and national retailers, creating an ideal environment for a retail/free-standing building investment opportuni
  • Lot Description: Other
  • Lot Size: 0.30 Acres
  • Parcel #: 6303-12-00-0100
  • Parking: Other
  • Property Attached Y/N: No
  • Property Sub-Type: Retail
  • SQFT Total: 5100
  • Taxes: $4,601
  • Units: 1
  • Year Built: 1970