1401 Oak St Arcadia, FL 34266-8901

Property Details for 1401 Oak St

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.80 lot acres

Property size

4,301 SF

Zone code

PUD

Property type

Grocery and convenience stores

APN

31-37-25-0016-1040-0010

APU

313725001610400010

Description

This exceptional investment opportunity presents a fee-simple, Class A, absolute NNN leased Circle K gas station located at 1401 E Oak St, Arcadia, FL 34266. Boasting a 5.00% cap rate and a strong NOI of $51,159, this property offers significant upside potential. The 4,301 square foot building sits on a 0.8-acre lot and benefits from a corporate guarantee from Circle K, a nationally recognized brand with over 9,700 stores. The lease, with a remaining term of 2.7 years, includes 3 and 5-year options with 8% rent bumps in each. Built in 1972, this location consistently ranks in the top 7% of all Circle K stores nationwide, demonstrating its exceptional performance and long-term viability. The property enjoys a prime location on a heavily trafficked section of Oak Street (22,500 vehicles per day), surrounded by other national retailers including McDonald's, Dunkin', Dollar General, Bealls, and Tractor Supply. The area boasts a strong population base of over 22,000 within a 5-mile radius, with an average annual household income exceeding $52,000 and projected population growth exceeding three percent annually. The asking price is $1,023,200, making this a compelling investment opportunity with substantial future repositioning upside. The property is currently 100% occupied. This is a 1031 exchange eligible property.

Location Insight

City

Arcadia

County

Desoto

State

Florida

Longitude

-81.8447

Latitude

27.2104

CBSA code

11580

CBSA name

ARCADIA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments