NNN Leased Auto Parts
4651 S Ridgewood Avenue Port Orange, FL 32127
For Sale
$769,000
Napa Auto Parts is leased on a NNN basis with a 10-year lease signed in 2022 and roof replaced in 2022.
Days on Market31
Property Features for 4651 S Ridgewood Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail - Freestanding
Building Details
- Year Built
- 1970
Listing Agency:
SVN | Alliance Commercial Real Estate Advisors
(386) 999-1762
Listed By:
Michael Baxter · License #SL3451680
Source:
Commercialcafe
Added: Jun 23
Changed: Jul 23
Last Checked: Jul 23 at 10:43AM
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This is a corporate-backed, NNN-leased free-standing retail building occupied by Napa Auto Parts. A 10-year lease was signed in 2022, and there are 5.5 years remaining, with two additional three-year options. The tenant has been at the location for 20+ years. Under the NNN structure, the tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance, while the landlord is responsible for maintaining the roof, foundation, and structure only. The tenant is responsible for all HVAC and mechanicals, and the roof was replaced in March 2022.
The property is located in Port Orange, FL, within a retail-focused area surrounded by a mix of local and national retailers. The remarks cite close proximity to major highways, as well as nearby shopping, dining, and recreational destinations including the Pavilion at Port Orange, Dunlawton Square, and the Halifax River.
The lease is specifically structured as NNN with defined responsibilities for taxes, insurance, common area maintenance, and building systems.
The property is located in Port Orange, FL, within a retail-focused area surrounded by a mix of local and national retailers. The remarks cite close proximity to major highways, as well as nearby shopping, dining, and recreational destinations including the Pavilion at Port Orange, Dunlawton Square, and the Halifax River.
The lease is specifically structured as NNN with defined responsibilities for taxes, insurance, common area maintenance, and building systems.
Key Highlights
- NNN‑leased Napa Auto Parts building with a 10‑year lease signed in 2022 (5.5 years remaining) plus two 3‑year options.
- 5.01% cap rate noted for this corporate‑backed, NNN leased property.
- Tenant has operated at the location for 20+ years.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
NNN property - Napa Auto Parts is leased on a NNN basis with a 10-year lease signed in 2022 and roof replaced in 2022.
Where is this nnn property located?
The property is located at 4651 S Ridgewood Avenue Port Orange, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: NNN‑leased Napa Auto Parts building with a 10‑year lease signed in 2022 (5.5 years remaining) plus two 3‑year options.; 5.01% cap rate noted for this corporate‑backed, NNN leased property.; Tenant has operated at the location for 20+ years.
