About 1608 Shepherd Lane
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
Features of 1608 Shepherd Lane
| MLS® # | S5143901 |
|---|---|
| Price | $1,900,000 |
| Square Footage | 2,400 |
| Acres | 0.44 |
| Year Built | 1975 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Listing Details
| Office | LUXURY ORLANDO REAL ESTATE |
|---|
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