Current Use by Public Records
- Retail properties & Spaces
Property Details for 35971 Us-27
- Year built
- 2022
- Lot size
- 0.60 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,456 square foot Take 5 Oil Change retail property located at 35971 US-27, Haines City, FL 33844. The property, built in 2022, sits on a 0.6-acre lot and boasts seven parking spaces. It benefits from a strong corporate guarantee and a 10-year Absolute NNN ground lease with 7.4 years remaining, commencing April 1, 2022, and expiring April 1, 2032. The lease includes three 5-year renewal options and features 10% rental increases every five years, ensuring consistent income growth. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $60,000, resulting in an attractive 5.25% cap rate. The asking price is $1,143,000. Situated in the Citrus Crossing development, this location benefits from high visibility on US Highway 27 and proximity to major big-box retailers. The property is zoned CG (Commercial General) and the APN is 272720749034000020. This is a leased fee ownership, offering zero landlord responsibilities and the advantage of Florida's no state income tax environment. The investment highlights include a long lease term, built-in rent increases, and a strong corporate tenant. This is a truly passive investment opportunity with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Haines City
- County
- Polk
- State
- Florida
- Longitude
- -81.6389
- Latitude
- 28.1225
