2581 Sun Acres Blvd Auburndale, FL 33823-4829

Property Details for 2581 Sun Acres Blvd

Year built

1974

Lot size

0.30 lot acres

Property size

3,200 SF

Zone code

C-3

Property type

Grocery and convenience stores

APN

252821000000034510

APU

252821000000034510

Description

This exceptional investment opportunity presents a thriving Chevron gas station in Auburndale, Florida. Located on a high-traffic corner lot spanning 26,000 square feet (two parcels totaling 0.06 acres), this property boasts a 2,440-square-foot building constructed in 1974 and extensively renovated in 2023. The station features four gas pumps, twenty parking spaces, and a modern interior including a beer cave and grab-and-go food options. The property is zoned commercial and offers significant income potential, with additional space available for food vendors or trucks. Financial data reveals a strong NOI of $250,000 (pro-forma $300,000), resulting in a compelling cap rate of 35.97% (pro-forma 43.17%). The asking price for the business alone is $695,000, offering a price per square foot of $284.84. A separate purchase option includes the real estate for a total price of $1,990,000. This turnkey operation benefits from a prominent location near a busy elementary school, ensuring consistent customer traffic and revenue generation. The fuel contract includes a rack plus one cent pricing structure, a 0.325-cent rebate, and a $100,000 upfront payment from Chevron. This well-established business offers a rare opportunity to acquire a profitable, high-growth asset in a desirable location.

Location Insight

City

Auburndale

County

Polk

State

Florida

Longitude

-81.8235

Latitude

28.0334

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments