1095 State Rd 434 Winter Springs, FL 32708-2309
- Grocery and convenience stores
- 2,142 SF
- 0.24 lot acres
Feb 04, 2025
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1095 State Rd 434
- Year built
- 1978
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.24 lot acres
- Property size
- 2,142 SF
- Property type
- Grocery and convenience stores
- APN
- 04-21-30-502-0D01-0000
- APU
- 0421305020D010000
Description
This exceptional investment opportunity presents a fully renovated Valero-branded gas station situated in the desirable Winter Springs submarket of Orlando, Florida. The property, located at 1095 W State Rd 434, Casselberry, FL 32708, boasts 2,147 square feet and enjoys a prime location with high visibility and traffic counts. Recent renovations, completed within the last two years, include brand-new gas pumps, a new canopy, and fresh paint, ensuring a modern and attractive facility. The property operates under an absolute net lease (NNN) structure, offering the investor zero landlord responsibilities. The single-tenant lease has a remaining term of 2.5 years and features attractive 3% annual rent escalations during option periods, providing a strong hedge against inflation. The property's current occupancy is 100%, and the asking price is $1,200,000, representing a 5.30% cap rate. Excellent access is provided by a dedicated median turn lane for both ingress and egress. This is a turnkey investment with significant upside potential. The property is ideally positioned to benefit from consistent growth in the area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $690,000
- 6.5%
- $635,000
- 7%
- $590,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $990,000
- COMMERCIAL (GENERAL)
- $570,000
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Location Insight
- Map
- Local Demand
- City
- Winter Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.3193
- Latitude
- 28.6976
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA