1506 Rock Springs Rd Apopka, FL 32712
- Retail properties
- 1.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1506 Rock Springs Rd
- Year built
- 2024
- Lot size
- 1.74 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
Exceptional investment opportunity: A brand-new, 5,000 square foot Circle K convenience store and gas station in Apopka, Florida, is available for purchase. This property boasts a strong 4.85% cap rate and a substantial net operating income (NOI) of $190,000. The property sits on a 1.74-acre lot with 26 parking spaces and features a new 15-year absolute NNN lease with a credit-rated tenant, commencing May 1, 2024, and expiring May 1, 2039. The lease includes five 5-year renewal options and built-in rent bumps of 5% every 5 years, providing excellent protection against inflation and ensuring consistent income growth. The property is strategically located at 1506 Rock Springs Rd, Apopka, FL 32712, across from a Publix-anchored shopping center and near other national retailers such as Starbucks, Heartland Dental, UPS, H&R Block, and State Farm. This prime location in a high-growth area of Orange County, Florida, benefits from strong tenant synergy and high consumer traffic. The property's ground lease adds further investment security. This is a rare opportunity to acquire a newly constructed, high-performing asset with a long-term lease and significant upside potential. The property's address is 1506 Rock Springs Rd, Apopka, FL 32712. APN: 332028000000029.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Apopka
- County
- Orange
- State
- Florida
- Longitude
- -81.5096
- Latitude
- 28.7062
