$1,900,000
1608 SHEPHERD LN, INTERCESSION CITY, FL 33848
ActiveProperty details
About this home
Triple NET NNN Leased Gas Station on the corner of S. Orange Blossom Trail (OBT) and Shepherd Ln. in Intercession City near Kissimmee/St.Cloud. Currently leased for $10,986/month + increases $350/year. Tenant pays property taxes, insurance, and building maintenance. 20-year lease agreement in place with 17 years remaining. 4 fuel pumps - gasoline & diesel + convenience store. Operator runs more than 40 locations in Florida/Georgia. Great investment "mailbox money" No Work!!! Recently remodeled station with new LED canopy lighting. Buy this and receive $10,986/month or $131,832/year NET. This translates to a 6.93% CAP Rate NO WORK, all while the property appreciates in value. An additional adjoining 1/2 acre can be purchased for $350,000 - already cleared and fenced
Property records
Public records from the county assessor.
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Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR782118491. Listing brokerage: LUXURY ORLANDO REAL ESTATE. Status: Active.
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