Retail Outlet Altamonte; 100% Leased; 8% Cap!

Highlights

• FULLY LEASED; $6,100 MONTHLY INCOME! 8.5% CAP!
• CLOSE TO MAJOT MALL & FLORIDA HOSPITAL!
• CLOSE TO MAJOR ROADWAYS & SUNRAIL STATION!
• 60,000 + DAILY TRAFFIC COUNT!
• 120 FT FRONTAGE!
• 2 VACANT LOTS ON EAST SIDE; FUTURE POTENTIAL!

Description

Description:

Fully Leased! 8.5% CAP! Total monthly gross rent income is $6,100! This unique property sits on about 3/4 of acre land and consists of 2 buildings, 4 UNITS total. Two 2,500 Sf retail outlets in the front & two 3,000 Sf industrial office/warehouse units in the back. Altamonte Drive (SR 436) is a major road with an estimated average daily traffic of about 60,000 vehicles. Zoning: C1 & C2. The back units have their own entrance from Brewer Street on South side of the property. The back building was build in 1981 with a flat roof and the front one in 1970 with a steal roof and pitch. They are 27 parking spaces plus room for additional parking. 5 year, 3.5 year & 6 month leases in place.

The property is located within a short distance Interstate 4. It is also in close proximity to the Altamonte Mall, Florida Hospital Altamonte., HWY 17-92, and SunRail Commuter Rail station.

Possible for an owner/user to take over one or both of back automoive/industrial units when lease expires and keep receiving rent income from 2 or 3 tenants. Call Listing Broker for details.

There are two vacant lots to the East of the property, (not included) offering a great potential for future possibilities. Area is going thru major revitalization.

Please contact the listing broker, John Sadri, for additional information and to schedule a tour of the property.