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1308 S Ridgewood Ave Edgewater, FL 32132

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For Sale
$4,026,893

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

Property size:
4,887 SF
Lot size:
1.20 Acres

Property Features for 1308 S Ridgewood Ave

General Information

Size
4,887 SF
Lot size
1.20 Acres

Source: SRS Real Estate Partners, LLC Agent Morgan Zant

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


Overview

Retail Investment Property in Edgewater

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.
Insight Report Location Intelligence

Current Use by Public Records

Taco Bell Fast Food Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Edgewater
County
Volusia
State
Florida
Longitude
-80.900885
Latitude
28.979577

FAQs

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.
More about this property
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