709 Broad StBrooksville, FL 34601

Property Details for 709 Broad St

Year built

1957

Construction

CONCRETE BLOCKS

Lot size

0.51 AC

Property size (Sq ft)

1,942 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

R22-222-19-3420-0000-0014

APU

R2222219342000000014

Description

This exceptional investment opportunity presents a well-maintained, single-tenant gas station ideally located at 709 S Broad St, Brooksville, FL 34601. Built in 1957 and recently remodeled, this 2,032 square foot property boasts two gas pumps and a fully operational convenience store. The asking rent is $12,500 per month, with a negotiable NNN lease term. The property is available immediately. Tenant responsibilities include property taxes, full insurance coverage, HVAC maintenance, and signage (subject to landlord approval). Roof structure and parking lot maintenance are also the tenant's responsibility. Tenant improvements are negotiable, requiring landlord approval of plans. A personal guaranty is required. Operating escalations are set at three percent (3%) annually, commencing in the second year of the lease. This turnkey operation presents a strong return on investment for a savvy buyer seeking a profitable retail venture in a desirable Florida location. The property's excellent condition and immediate availability make it an attractive proposition for a quick and seamless transition into ownership. This is a rare opportunity to acquire a well-established and profitable business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $546,389

  6.5%

  $504,359

  7%

  $468,334

• Comparable approach

  Method

  Valuation

  Relative Method

  $893,762

  Geo Method

  $893,762

• Alternative Use

  Use

  Valuation

  Residential

  $425,446

  Hospitality

  $389,706

  Educational

  $324,231

  Medical

  $335,382

  Retail

  $504,359

Location Insight

City

Brooksville

County

Hernando

State

Florida

Latitude

28.5514

Longitude

-82.3967

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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