Auto Parts Retail Ground
For Sale
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1250 W Orange Blossom Trail, Apopka, FL 32712
Absolute NNN ground lease with 9 years remaining on an initial 15-year term and 10% escalations every five years.
Property Size7,011 SF
Lot Size1.09 Acres
Price / SF$251.03
Days on Market236
Property Features for 1250 W Orange Blossom Trail
General Information
Standard status
Active
Size
7,011 SF
Lot size
1.09 Acres
Property subtype
RETAIL
Occupancy
100%
Site & Location
Traffic Count
34,798 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Commercial Investment Advisors (CIA) - Corporate
(480) 214-5088
Listed By:
Justin Zahn
(480) 718-5555
Source:
Moodyscre
Added: Jan 20
Changed: Sep 4
Last Checked: Sep 13 at 6:05AM
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 Commercial Investment Advisors (CIA) - Corporate
Investment Insights
Based on property information with market context.
The property is an absolute NNN ground lease conveying underlying ground only, with 9 years remaining on an initial 15-year term. The lease includes 10% rental escalations every five years, plus four additional five-year renewal options.
The location is positioned on a large ±1.09-acre lot with visibility and access along W Orange Blossom Trail, described as the market’s primary north-south corridor, with traffic counts of 34,798 CPD. The site is blocks from Home Depot, Lowe’s Home Improvement, and Winn-Dixie.
The current tenant is AutoZone Stores, LLC, which owns and operates 6,662 locations across all 50 states, including Washington, DC, Puerto Rico, and the Virgin Islands.
The location is positioned on a large ±1.09-acre lot with visibility and access along W Orange Blossom Trail, described as the market’s primary north-south corridor, with traffic counts of 34,798 CPD. The site is blocks from Home Depot, Lowe’s Home Improvement, and Winn-Dixie.
The current tenant is AutoZone Stores, LLC, which owns and operates 6,662 locations across all 50 states, including Washington, DC, Puerto Rico, and the Virgin Islands.
Key Highlights
- Absolute NNN ground lease with 9 years remaining on an initial 15‑year term (underlying ground only).
- Lease includes 10% rental escalations every 5 years and four additional 5‑year renewal options.
- Tenant: AutoZone Stores, LLC (NYSE: AZO) with a BBB (S&P) credit rating and Baa1 (Moody’s) rating.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,753,480
$2.8M
Cap Rate 7%
$1,966,771
$2.0M
Cap Rate 9%
$1,529,711
$1.5M
Market Conditions
NOI Build-Up for 7,011 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$203.6K $29.04/SF
− Vacancy
−$6.9K −$0.99/SF
EGI
$196.7K $28.05/SF
− OpEx
−$59.0K −$8.42/SF
NOI
$137.7K $19.64/SF
Area
Orange County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,753,480
Cap Rate 7%
$1,966,771
Cap Rate 9%
$1,529,711
Alternative Uses
Best Use
Retail
$1.97M
$1.72M – $2.29M
NOI $137,674 @ 7.0% cap · market cap 7.82%
Second Best
Industrial
$559.5K
$489.6K – $652.8K
NOI $39,165 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,659 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
34,798 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
7,135 visits/mo
0.5 miles
Demographics for 32712, FL
50,085
Population
17,601
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
90%
High-School Grad
71.5 sq mi
ZIP Area
700
Density / Sq Mi
$106,264
Median Household Income
$47,049
Median Earnings
$1,995
Median Rent
$389,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Absolute NNN ground lease with 9 years remaining on an initial 15-year term and 10% escalations every five years.
Where is this auto shop located?
The property is located at 1250 W Orange Blossom Trail Apopka, FL.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: Absolute NNN ground lease with 9 years remaining on an initial 15‑year term (underlying ground only).; Lease includes 10% rental escalations every 5 years and four additional 5‑year renewal options.; Tenant: AutoZone Stores, LLC (NYSE: AZO) with a BBB (S&P) credit rating and Baa1 (Moody’s) rating.
