1506 Rock Springs RdApopka, FL 32712

Property Details for 1506 Rock Springs Rd

Year built

2024

Lot size

1.74 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Apopka

County

Orange

State

Florida

Latitude

28.7062

Longitude

-81.5096

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