NNN Investment Sale - Cielito Lindo Mexican | 1701 N Rock Springs Rd
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NNN Investment Sale - Cielito Lindo Mexican 1701 N Rock Springs Rd
5,278 SF Retail Building Apopka, FL 32712 £1,623,762 (£308/SF) 7% Net Initial Yield
Executive Summary
• True triple net lease structure.
• Experienced operator with 6 different locations and a personally guaranteed lease.
• 9 years of remaining lease term providing an excellent opportunity for investors looking for an annuity-type investment with minimal landlord responsibility.
• Abundant parking with 38 surface spaces giving the asset over a 9/1,000 parking ratio.
• The Property has been meticulously maintained and was completely renovated with high-quality upgrades including a new roof and HVAC systems in 2022.
• Located in rapidly growing Northeast Apopka near to Wekiwa Springs State Park, a 7,000-acre state park with rivers and natural springs. The park draws in over 324,127 annual visitors.
• Dense residential immediately surrounding the Property.
• Experienced operator with 6 different locations and a personally guaranteed lease.
• 9 years of remaining lease term providing an excellent opportunity for investors looking for an annuity-type investment with minimal landlord responsibility.
• Abundant parking with 38 surface spaces giving the asset over a 9/1,000 parking ratio.
• The Property has been meticulously maintained and was completely renovated with high-quality upgrades including a new roof and HVAC systems in 2022.
• Located in rapidly growing Northeast Apopka near to Wekiwa Springs State Park, a 7,000-acre state park with rivers and natural springs. The park draws in over 324,127 annual visitors.
• Dense residential immediately surrounding the Property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,278 SF
Building Class
B
Year Built
2005
Price
£1,623,762
Price Per SF
£308
Net Initial Yield
7%
NOI
£113,652
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
0.76 AC
Zoning
PUD - Planned Development - City of Apopka
Parking
38 Spaces (7.2 Spaces per 1,000 SF Leased)
Frontage
51 ft on Rock Springs Rd
PROPERTY TAXES
| Parcel Number | 28-2034-9122-00-060 | Improvements Assessment | £628,787 |
| Land Assessment | £443,933 | Total Assessment | £1,072,721 |
PROPERTY TAXES
Parcel Number
28-2034-9122-00-060
Land Assessment
£443,933
Improvements Assessment
£628,787
Total Assessment
£1,072,721
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NNN Investment Sale - Cielito Lindo Mexican | 1701 N Rock Springs Rd
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