Overview

Description

Discover an exceptional investment opportunity with this leased auto repair shop, boasting a lucrative monthly income of $8925 under a 5-year lease with a 5% annual escalation clause. With a desirable 7.5% cap rate, this property presents a secure and attractive return on investment.

Nestled within a thriving C2 zone, this property spans 3,576 sq.ft. on a generous .63 acre lot. Inside, you'll find a well-appointed lobby, 2 restrooms, a kitchen area, 1 senior office, 1 junior office, and a fully equipped garage featuring 3 interior lifts and 1 exterior lift.

Benefit from the peace of mind provided by a Clean Phase 1 environmental study, ensuring a clean and compliant property. The sale includes all lifts, streamlining your investment process.

Contact our dedicated agent to schedule a showing and explore this lucrative opportunity further. Please respect the current tenant's privacy and refrain from visiting the property without an appointment.

Located directly on Forest Lake Blvd S between Tampa Road and State Rd. 580

Highlights

• Enjoy an impressive 7.5% cap rate, maximizing your return on investment
• Secure a steady stream of income with a long-term lease on this free-standing masonry office/warehouse vehicle repair shop.
• Strategically positioned for success, this property is primed for automotive repair, tire sales, and a range of vehicle-related services.
• Rest assured with a Clean Phase 1 environmental study, ensuring compliance and peace of mind.
• Enhance productivity with 3 lifts and 2 grade-level roll-up doors, providing seamless access and operational efficiency.

Documents

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