CHEVRON NNN | NEWLY REMODELED

1631 Taylor Rd, Port Orange, FL  32128

SUMMARY

Garito and Company is pleased to offer for sale a 100% fee simple interest in a gas station located at 1631 Taylor Rd, Port Orange, FL  32128.   The location is leased for 5 years with one 5 year, and one 2-year option and 3% annual increases.

PROPERTY HIGHLIGHTS

SITE SPECIFICATIONS

Site Area:

0.52 Acres

LEASE EXPIRATION :

2024

INCREASES:

3.5% EVERY YEAR

DEMOGRAPHICS

RADIUS

3 MILE

5 MILE

POPULATION

50,883

93,366

Avg. Household Income (2018)

$66,953

$63,113

Med. Household Income (2018)

$54,044

$49,589

PROPERTY OVERVIEW

TENANT NAME:

Chevron

OWNERSHIP TYPE/LEASE TYPE:

absolute nnn leasE offering

LANDLORD RESPONSIBILITIES:

NONE

LEASE TERM REMAINING:

5 YEARS

PRICE:

$1,195,000

YEAR-ONE NOI:

$96,000

CAP RATE:

8.03%