1198 Pasadena Ave S - Freestanding FOR SALE


South Pasadena, FL 33707
$2,090,909 USD
332-345-4222
1198 Pasadena Ave S, South Pasadena, FL for Sale
$2,090,909 USD
Freestanding - FOR SALE
1/2
null | 5.5% Cap Rate

1198 Pasadena Ave S
South Pasadena, FL 33707


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee
  • Absolute Triple-Net (NNN) Lease
  • Attractive Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1198 Pasadena Avenue South, South Pasadena, Florida 33707. The site consists of roughly 1418 rentable square feet of building space on an estimated 0.46-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $115,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,090,909 USD

PRICE/SF

$1,475 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

30-31-16-00000-130-0400

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.