2,107 sqft Building | 1401 REID ST, Palatka FL 32177 | Putnam County

Highlights:

• This turnkey, brand-new retail property is located on Reid St (State Road 100)
• Tenant: National brand Dunkin’ Donuts on a long-term lease.
• Stable Cash Flow: $60K NOI
• Future Upside: Rent escalation potential in the next 5 years.

Description:

Address: 1401 REID ST, Palatka FL 32177
County: Putnam County
Parcel ID: 42-10-27-6850-2640-0060 | 42-10-27-6850-2640-0100
Zoning: C-2
Land size (sqft): 30,056
Land size (acre): 0.52 | 0.17 (0.69 total)
Layout: Typical Dunkin’ store layout, including store space, office space, and a bathroom.

Google Maps Link: https://maps.app.goo.gl/YkZ2RgoonZnxVjM18

Rent Info:
Current Gross Monthly Rent: $5,000.00
Current Gross Yearly Rent: $60,000.00
Current NOI: $60,000.00
Current Cap Rate: 6.09%

Potential Gross Monthly Rent: $5,500.00
Potential Gross Yearly Rent: $66,000.00
Potential NOI: $66,000.00
Potential Cap Rate: 6.70%

Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.

We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.

All information is provided as-is. Buyers are encouraged to perform their own due diligence.

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