100 S Spring Garden Ave
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100 S Spring Garden Ave
5,049 SF Retail Building Deland, FL 32720 $7,032,000 CAD ($1,393 CAD/SF) 7% Cap Rate
Investment Highlights
- High traffic,Busy intersection
Executive Summary
This Shell Gas station and C-store located in a densely populated neighborhood with high traffic and lighted intersection on 15-A & highway 44. It has been there for over 30 years with a lot of loyal customers. This is great investment property, only business can generate 12% cap rate. And 6% cap rate for rental income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,049 SF
Building Class
B
Year Built
1978
Price
$7,032,000 CAD
Price Per SF
$1,393 CAD
Cap Rate
7%
NOI
$492,240 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
0.69 AC
Zoning
01B4 - Commercial
Parking
15 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
141 ft on SPRING GARDEN
About 100 S Spring Garden Ave , Deland, FL 32720
This Shell Gas station and C-store located in a densely populated neighborhood with high traffic and lighted intersection on 15-A & highway 44. It has been there for over 30 years with a lot of loyal customers. This is great investment property which generate 12% cap rate.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Direct Auto Insurance
- -
- 2,000 SF
- -
- -
- Shell
- -
- 2,500 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Direct Auto Insurance | - | 2,000 SF | - | - | ||
| Shell | - | 2,500 SF | - | - |
PROPERTY TAXES
| Parcel Number | 7018-08-01-0010 | Improvements Assessment | $552,663 CAD |
| Land Assessment | $284,796 CAD | Total Assessment | $837,459 CAD |
PROPERTY TAXES
Parcel Number
7018-08-01-0010
Land Assessment
$284,796 CAD
Improvements Assessment
$552,663 CAD
Total Assessment
$837,459 CAD
-
Mohammad Hasan -
Charles Rutenberg Realty
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100 S Spring Garden Ave
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