Courtesy of: Ethan Schumacher, VIP Realty Group Inc, eschumacher@viprealty.com
Courtesy of: Ethan Schumacher, VIP Realty Group Inc, eschumacher@viprealty.com
$1,700,000
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Lot: 0.58 Acres
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Retail
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$1,700,000
3045 Fowler Street This freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5.2% CAP Rate, the current annual gross income is $98, 880 with 3% annual escalations. The lease has 8 1/2 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee. The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25, 500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8, 048± SF Includes 1, 440± SF Finished Carport
Courtesy of: Ethan Schumacher, VIP Realty Group Inc, eschumacher@viprealty.com
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