STATUS: ACTIVE,
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YEAR BUILT: 1999, MLS #: A10558674, TAX YEAR: 2018
This Winn Dixie Grocery Store is sold as a standalone store with potential Outparcel, NN. In April 2018 lease was renewed with mutually beneficial terms to Landlord and Tenant. This Winn Dixie store has had substantial Tenant renovations to add a Liquor Store. The Vehicle count 32,500 per day. Recent Lease extension of 5 Years with 4 additional 5-year options. Newley resurfaced Parking Lot, extensive Roof renovation. 20 Year Historical Occupancy and Recent Lease Extension. Current NOI of $393,507 until 12/28/2023, 6% CAP Rate. On or before December 29, 2023, NOI will increase to $532,984 with a CAP Rate of 8.06 %. Above Average Store with Healthy Rent-to-Sales Ratio. This Location Serves Wine, Beer, and Liquor and Features a Pharmacy.
AMENITIES: CONCRETE BLOCK STUCCO, CORPORATE OWNED, TILE FLOORING, VINYL FLOORING, ELECTRIC HEATING, CENTRAL AIR CONDITIONING, FIRE SPRINKLER SYSTEM, LANDSCAPE SPRINKLERS, LOT SIZE IS BETWEEN 5 AND 10 ACRES, PUBLIC WATER SUPPLY,
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