For Sale
$3,918,000

1506 Rock Springs Rd Apopka, FL 32712

High-yield, NNN leased Circle K.

Overview

Added:
Dec 11, 2024
Days on market:
136
Exceptional investment opportunity: A brand-new, 5,000 square foot Circle K convenience store and gas station in Apopka, Florida, is available for purchase. This property boasts a strong 4.85% cap rate and a substantial net operating income (NOI) of $190,000. The property sits on a 1.74-acre lot with 26 parking spaces and features a new 15-year absolute NNN lease with a credit-rated tenant, commencing May 1, 2024, and expiring May 1, 2039. The lease includes five 5-year renewal options and built-in rent bumps of 5% every 5 years, providing excellent protection against inflation and ensuring consistent income growth. The property is strategically located at 1506 Rock Springs Rd, Apopka, FL 32712, across from a Publix-anchored shopping center and near other national retailers such as Starbucks, Heartland Dental, UPS, H&R Block, and State Farm. This prime location in a high-growth area of Orange County, Florida, benefits from strong tenant synergy and high consumer traffic. The property's ground lease adds further investment security. This is a rare opportunity to acquire a newly constructed, high-performing asset with a long-term lease and significant upside potential. The property's address is 1506 Rock Springs Rd, Apopka, FL 32712. APN: 332028000000029.

Highlights

  • $3,918,000 asking price for a net-leased Circle K convenience store and gas station.
  • 15-year absolute NNN lease with five 5-year renewal options, commencing May 1, 2024.
  • Lease includes 5% rental increases every five years.
  • New construction, 5,000 square feet on a 1.74-acre lot with 26 parking spaces, located at 1506 Rock Springs Rd, Apopka, FL 32712.
  • Excellent location across from a Publix-anchored shopping center and near other national retailers.

Property Details for 1506 Rock Springs Rd

Property type
Retail properties, Grocery and convenience stores
Year Built
2024
Buildings
1
Lot Size (sq. ft)
75,794 SF

Location Insight

City
Apopka
County
Orange
State
Florida
Latitude
28.7062107
Longitude
-81.5096438

FAQs

What type of property is this?
Retail property - High-yield, NNN leased Circle K.
Where is the retail property located?
The property is located at 1506 Rock Springs Rd Apopka, FL.
What is the asking price?
The asking price for this property is $3,918,000.
What are key features of this property?
This property features: $3,918,000 asking price for a net-leased Circle K convenience store and gas station.; 15-year absolute NNN lease with five 5-year renewal options, commencing May 1, 2024.; Lease includes 5% rental increases every five years.
How can I contact the broker?
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1506 Rock Springs Rd
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