1095 State Road 434Winter Springs, FL 32708
- Retail properties
- 2,142 SF
Property Details for 1095 State Road 434
- Year built
- 1978
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 2,142 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 04-21-30-502-0D01-0000
- APU
- 0421305020D010000
Description
This exceptional investment opportunity presents a fully renovated Valero-branded gas station situated in the desirable Winter Springs submarket of Orlando, Florida. The property, located at 1095 W State Rd 434, Casselberry, FL 32708, boasts 2,147 square feet and enjoys a prime location with high visibility and traffic counts. Recent renovations, completed within the last two years, include brand-new gas pumps, a new canopy, and fresh paint, ensuring a modern and attractive facility. The property operates under an absolute net lease (NNN) structure, offering the investor zero landlord responsibilities. The single-tenant lease has a remaining term of 2.5 years and features attractive 3% annual rent escalations during option periods, providing a strong hedge against inflation. The property's current occupancy is 100%, and the asking price is $1,200,000, representing a 5.30% cap rate. Excellent access is provided by a dedicated median turn lane for both ingress and egress. This is a turnkey investment with significant upside potential. The property is ideally positioned to benefit from consistent growth in the area.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $535,980
- 6.5%
- $494,751
- 7%
- $459,412
-
Comparable approach
- Method
- Valuation
- Relative Method
- $602,561
- Geo Method
- $602,561
-
Alternative Use
- Use
- Valuation
- Residential
- $417,341
- Hospitality
- $382,282
- Educational
- $318,054
- Medical
- $328,993
- Retail
- $494,751
Location Insight
- City
- Winter Springs
- County
- Seminole
- State
- Florida
- Latitude
- 28.6976
- Longitude
- -81.3193
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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