1308 S Ridgewood Ave Edgewater, FL
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100% occupied retail property with long-term leases and rental increases.
Type:RETAIL
Property size:
4,887 SFLot size:
1.20 AcresPrice / SF:
$824/SF- Added:
- Dec 24, 2024
- Days on Market:
- 490
- Last Refresh:
- Apr 5 at 11:12 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
Listing agent Morgan Zant
Listing office SRS Real Estate Partners, LLC (502) 399-8949
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
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Taco Bell
Restaurant
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.9009
- Latitude
- 28.9796
Nearby Similar for Sale
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.
