2350 S Us Highway 17 92, Longwood, FL 32750
sale
$3,700,000
|
Other
Courtesy Of Homevest Realty
Four-suite commercial property generating $238,491 NOI at 6.45% cap rate. 100% leased to established tenants with staggered expirations through 2028; anchor tenant (recreation) secured through 2030 with renewal options. All leases include NNN structure with CAM recovery and 3-4% annual escalations. Carlitos Tire recently extended through 8/31/28. Highway 17-92 frontage provides established commercial visibility. Masonry construction, 16,220 SF, 1.17 acres, 21 parking spaces. Built 2007. For experienced NNN investors and 1031 exchangers.
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Property Features
- Age: 11-20 Years Old
- Building Units: 5
- Cooling System: Central Air
- Exterior Type: Metal Siding
- Floor Covering: Laminate
- Floor Covering: Epoxy
- Floor Covering: Tile
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: LOTS 7 TO 10 + 28 TO 31 BLK 27 KATHRYN PARK PB 5 PG 66
- MLSID: O6431922
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