400 Sanford Ave Sanford, FL 32771-1971

Property Details for 400 Sanford Ave

Year built

1935

Construction

CONCRETE

Lot size

0.12 lot acres

Property size

4,483 SF

Property type

Distribution centers

APN

25-19-30-5AG-0601-0010

APU

2519305AG06010010

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving, family-friendly restaurant and brewery in the heart of Downtown Sanford, Florida. The property boasts 4,483 square feet on a 0.12-acre lot, situated at 400 Sanford Ave, 32771. Built in 1935 and extensively renovated in 2016, this single-story building operates under a 20-year absolute NNN lease with a 7.00% cap rate and a strong NOI of $116,400. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The tenant, a well-established local brewery with a second location and statewide distribution, provides exceptional stability and potential for appreciation. The property is zoned SC3 and features state-of-the-art brewery equipment. This sale-leaseback offers a passive income stream with minimal landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The prime downtown location guarantees high foot traffic and visibility, contributing to the tenant's continued success. The asking price is $1,662,860, translating to $370.93 per square foot. This is a rare opportunity to acquire a turn-key, high-performing asset in a desirable Florida market. The property's APN is 25-19-30-5AG-0601-0010.