1072 Us Hwy Avon Park, FL 33825
- Retail properties
- 950 SF
- 1.23 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1072 Us Hwy
- Year built
- 2024
- Lot size
- 1.23 lot acres
- Property size
- 950 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 950-square-foot Scooter's Coffee building situated on a 1.23-acre parcel in Avon Park, Florida. The property, built in 2024, enjoys a prime location on US Highway 27, a major thoroughfare with over 30,500 vehicles daily, offering excellent visibility. Its strategic placement as an outparcel to a Walmart Supercenter, attracting over 2.6 million annual visits, ensures high customer traffic. The property benefits from a strong tenant, Scooter's Coffee, operating under a 10-year absolute NNN ground lease commencing July 5, 2024, and expiring July 4, 2034. The lease includes four 5-year renewal options with attractive 10% rent increases every five years. The property's NOI is $80,004, resulting in a 5.65% cap rate and a price per square foot of $1,490.53. The asking price is $1,416,000. The surrounding area boasts a mix of national and regional retailers, including Culver's, McDonald's, and others, along with educational institutions like Southern Florida State College and several local schools, further enhancing the property's appeal and potential for sustained growth. This is a rare opportunity to acquire a well-positioned, passively managed investment in a thriving market. The ground lease expires July 4, 2034.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Avon Park
- County
- Highlands
- State
- Florida
- Longitude
- -81.4499
- Latitude
- 27.5909
