1072 Us HwyAvon Park, FL 33825

Property Details for 1072 Us Hwy

Year built

2024

Lot size

1.23 AC

Property size (Sq ft)

950 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 950-square-foot Scooter's Coffee building situated on a 1.23-acre parcel in Avon Park, Florida. The property, built in 2024, enjoys a prime location on US Highway 27, a major thoroughfare with over 30,500 vehicles daily, offering excellent visibility. Its strategic placement as an outparcel to a Walmart Supercenter, attracting over 2.6 million annual visits, ensures high customer traffic. The property benefits from a strong tenant, Scooter's Coffee, operating under a 10-year absolute NNN ground lease commencing July 5, 2024, and expiring July 4, 2034. The lease includes four 5-year renewal options with attractive 10% rent increases every five years. The property's NOI is $80,004, resulting in a 5.65% cap rate and a price per square foot of $1,490.53. The asking price is $1,416,000. The surrounding area boasts a mix of national and regional retailers, including Culver's, McDonald's, and others, along with educational institutions like Southern Florida State College and several local schools, further enhancing the property's appeal and potential for sustained growth. This is a rare opportunity to acquire a well-positioned, passively managed investment in a thriving market. The ground lease expires July 4, 2034.

Location Insight

City

Avon Park

County

Highlands

State

Florida

Latitude

27.5909

Longitude

-81.4499

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