For Sale
$1,143,000

35971 Us-27Haines City, FL 33844

High-Yield Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1,456 square foot Take 5 Oil Change retail property located at 35971 US-27, Haines City, FL 33844. The property, built in 2022, sits on a 0.6-acre lot and boasts seven parking spaces. It benefits from a strong corporate guarantee and a 10-year Absolute NNN ground lease with 7.4 years remaining, commencing April 1, 2022, and expiring April 1, 2032. The lease includes three 5-year renewal options and features 10% rental increases every five years, ensuring consistent income growth. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $60,000, resulting in an attractive 5.25% cap rate. The asking price is $1,143,000. Situated in the Citrus Crossing development, this location benefits from high visibility on US Highway 27 and proximity to major big-box retailers. The property is zoned CG (Commercial General) and the APN is 272720749034000020. This is a leased fee ownership, offering zero landlord responsibilities and the advantage of Florida's no state income tax environment. The investment highlights include a long lease term, built-in rent increases, and a strong corporate tenant. This is a truly passive investment opportunity with significant upside potential.

Highlights

  • 8+ years remaining on a 10-year Absolute NNN ground lease with three 5-year renewal options and 10% rental increases every five years.
  • Absolute NNN ground lease; leased fee ownership; zero landlord responsibilities; located in Florida (no state income tax).
  • High-visibility location on US Hwy 27 in the Citrus Crossing development, near major big-box retailers.

Property Details for 35971 Us-27

Property type
Retail properties, Auto shops
Square Feet
1,456 SF
Year Built
2022
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Haines City
County
Polk
State
Florida
Latitude
28.122455
Longitude
-81.638858
35971 Us-27, Haines City, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
35971 Us-27
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message