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Retail Investment Property in Edgewater

1308 S Ridgewood Ave, Edgewater, FL

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For Sale

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100% occupied retail property with long-term leases and rental increases.

Type:RETAIL

Property size:

4,887 SF

Lot size:

1.20 Acres

Price / SF:

$824/SF

HighLights

100% occupied retail investment property with two tenants.
Features a new 15‑year NNN lease for Taco Bell and a 10‑year NNN lease for Planet 13.
Taco Bell lease includes 2% annual rental increases.
Planet 13 lease includes a 10% rental increase at the beginning of year 6.
Both tenants have 3 (5‑year) option periods.
Diverse, e‑commerce resistant tenant lineup providing a stabilized income stream.

We can help!

Listing Contact

Morgan Zant

For Sale

Contact for pricing

100% occupied retail property with long-term leases and rental increases.

Type:RETAIL

Property size:

4,887 SF

Lot size:

1.20 Acres

Price / SF:

$824/SF

Added:: Dec 24, 2024
Days on Market:: 535
Last Refresh:: May 20 at 9:17 pm

Property Features for 1308 S Ridgewood Ave

General Information

Standard status: Active
Size: 4,887 SF
Lot size: 1.20 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Morgan Zant

Listing agent Sarah Shanks

Listing office SRS Real Estate Partners, LLC

Listing date Dec 24, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners, LLC

HighLights

100% occupied retail investment property with two tenants.
Features a new 15‑year NNN lease for Taco Bell and a 10‑year NNN lease for Planet 13.
Taco Bell lease includes 2% annual rental increases.
Planet 13 lease includes a 10% rental increase at the beginning of year 6.
Both tenants have 3 (5‑year) option periods.
Diverse, e‑commerce resistant tenant lineup providing a stabilized income stream.

Overview

This retail investment property in Edgewater, Florida, features a 100% occupied, two-tenant building with a total area of 4,887 square feet. The property is divided into two suites, with Taco Bell occupying 1,887 square feet and Planet 13 Holdings utilizing the remaining 3,000 square feet. Taco Bell has a 15-year lease, while Planet 13 Holdings has a 10-year lease, both including 3 (5-year) option periods. The Taco Bell lease includes 2% annual rental increases, and the Planet 13 Holdings lease features a 10% rental increase at the beginning of year 6. These increases continue throughout the initial term and option periods. The tenant lineup is diverse and e-commerce resistant, creating a stabilized income stream. Both tenants recently signed brand-new long-term NNN leases.

Property Profile Location Intelligence

Current Use by Public Records

Taco Bell Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Edgewater
County: Volusia
State: Florida
Longitude: -80.9009
Latitude: 28.9796

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For sale
Retail space
FL
Edgewater
1308 S Ridgewood Ave

What type of property is this?

Retail space - 100% occupied retail property with long-term leases and rental increases.

Where is this retail space located?

The property is located at 1308 S Ridgewood Ave Edgewater, FL.

What is the asking price?

The asking price for this property is $4,026,893.

What are key features of this property?

This property features: 100% occupied retail investment property with two tenants.; Features a new 15‑year NNN lease for **Taco Bell** and a 10‑year NNN lease for **Planet 13**.; Taco Bell lease includes 2% annual rental increases.

1308 S Ridgewood Ave, Edgewater, FL

100% occupied retail property with long-term leases and rental increases.

Property Features for 1308 S Ridgewood Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Edgewater Commercial Investment Opportunity

New Warehouse in Thriving District

New Warehouse in Thriving District

Edgewater Office/Warehouse Flex Space

End Unit Warehouse with Office

Functional Office/Warehouse in Edgewater

Edgewater Quadplex with Rental Income

Edgewater Office/Warehouse Investment Opportunity

Versatile Commercial Building with New Roof

Income-Producing Restaurant Investment Opportunity

New Warehouse in Edgewater, Florida

Office/Warehouse Space in Edgewater

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