Address: 1608 Shepherd Lane, INTERCESSION CITY, FL 33848
Description
Triple NET NNN Leased Gas Station on the corner of S. Orange Blossom Trail (OBT) and Shepherd Ln. in Intercession City near Kissimmee/St.Cloud. Currently leased for $10,986/month + increases $350/year. Tenant pays property taxes, insurance, and building maintenance. 20 year lease agreement in place with 17 years remaining. 4 fuel pumps gasoline & diesel + convenience store. Operator runs more than 40 locations in Florida/Georgia. Great investment "mailbox money" No Work!!! Recently remodeled station with new LED canopy lighting. Buy this and receive $10,986/month or $131,832/year NET. This translates to a 6.59% CAP Rate NO WORK, all while the property appreciates in value. An additional adjoining 1 acre can be purchased for $350,000 already cleared and fenced
Triple NET NNN Leased Gas Station on the corner of S. Orange Blossom Trail (OBT) and Shepherd Ln. in Intercession City near Kissimmee/St.Cloud. Currently leased for $10,986/month + increases $350/year. Tenant pays property taxes, insurance, and building maintenance. 20 year lease agreement in place with 17 years remaining. 4 fuel pumps gasoline & diesel + convenience store. Operator runs more than 40 locations in Florida/Georgia. Great investment "mailbox money" No Work!!! Recently remodeled station with new LED canopy lighting. Buy this and receive $10,986/month or $131,832/year NET. This translates to a 6.59% CAP Rate NO WORK, all while the property appreciates in value. An additional adjoining 1 acre can be purchased for $350,000 already cleared and fenced
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 2400.00
Roof: Membrane
Property Information
Property Condition: Completed
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Parking Spaces - 6 to 12
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Road Frontage Type: City Street, County Road
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 131832.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Legal Description: COX RUDD ADD PB 1 PG 306 BLK 11 LOTS 1 & 2 AND INTEROCEAN CITY SEC A PB 1 PG 169 BLK 26 LOT 9 AND VAC COLLEGE AVE
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