1082 Fl-436Casselberry, FL 32707

Property Details for 1082 Fl-436

Year built

1989

Property size (Sq ft)

8,200 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a freestanding Verizon Wireless store in Casselberry, Florida. The property, located at 1082 FL-436, boasts 8,200 square feet on a 30,928-square-foot lot, with ample parking (44 spaces). Built in 1989 and renovated in 2018, the Class B building is currently operating under a Net Lease agreement with a franchisee tenant. The 10-year lease, commencing April 25, 2018, has approximately 3.4 years remaining, with a single five-year renewal option, extending the potential lease term to 15 years. The property features a strong 5.29% cap rate and a Net Operating Income (NOI) of $174,375, representing a price per square foot of $402.44. The lease is a triple-net (NNN) structure, with the tenant responsible for property taxes, real estate expenses, and landlord insurance. Landlord responsibilities include roof, structure, and parking lot maintenance. The property is zoned CG - General Commercial/1100-Retail Store, reflecting its prime commercial location. Given Casselberry's growth and proximity to Orlando's expanding tourist district, this property offers significant long-term investment potential. The asking price is $3,300,000.

Location Insight

City

Casselberry

County

Seminole

State

Florida

Latitude

28.6447

Longitude

-81.3216

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