400 Sanford AveSanford, FL 32771
- Industrial properties
- 4,483 SF
Property Details for 400 Sanford Ave
- Year built
- 1935
- Construction
- CONCRETE
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 4,483 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
- APN
- 25-19-30-5AG-0601-0010
- APU
- 2519305AG06010010
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving, family-friendly restaurant and brewery in the heart of Downtown Sanford, Florida. The property boasts 4,483 square feet on a 0.12-acre lot, situated at 400 Sanford Ave, 32771. Built in 1935 and extensively renovated in 2016, this single-story building operates under a 20-year absolute NNN lease with a 7.00% cap rate and a strong NOI of $116,400. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The tenant, a well-established local brewery with a second location and statewide distribution, provides exceptional stability and potential for appreciation. The property is zoned SC3 and features state-of-the-art brewery equipment. This sale-leaseback offers a passive income stream with minimal landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The prime downtown location guarantees high foot traffic and visibility, contributing to the tenant's continued success. The asking price is $1,662,860, translating to $370.93 per square foot. This is a rare opportunity to acquire a turn-key, high-performing asset in a desirable Florida market. The property's APN is 25-19-30-5AG-0601-0010.
Location Insight
- City
- Sanford
- County
- Seminole
- State
- Florida
- Latitude
- 28.8089
- Longitude
- -81.2652
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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