3738 Nova Rd - Auto Repair FOR SALE
Port Orange, FL 32129 |
$1,818,182 USD
203-253-9455
3738 Nova Rd
Port Orange, FL 32129
HIGHLIGHTS
- Long-Term 20-Year NNN Sale-Leaseback | The subject investment property will feature a brand new 20-year lease commencing at the close of escrow
- Strong Corporate Guarantee | This lease will be subject to a strong corporate guarantee from Drive Funding Holdco, LLC, (3,500+ Units)
- Absolute Triple Net (NNN) Lease | The subject investment property will feature an absolute triple net (NNN) lease, with zero landlord responsibilities
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 3738 South Nova Road, Port Orange, Florida 32129. The site consists of roughly 1420 rentable square feet of building space on an estimated 0.6-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 $100,000 and has scheduled increases of 1.50% Annually.
FOR SALE DETAILS
PRICE
$1,818,182 USD
PRICE/SF
$1,280 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
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
-
APN/PARCEL ID
6337-01-25-0015
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203-253-9455
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203-253-9455
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