1608 Shepherd Lane, INTERCESSION CITY, FL 33848
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Priced at Only: $2,000,000
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Address: 1608 Shepherd Lane, INTERCESSION CITY, FL 33848
Property Location and Similar Properties
- MLS#: S5143901 ( Commercial Sale )
- Street Address: 1608 Shepherd Lane
- Viewed: 7
- Price: $2,000,000
- Price sqft: $484
- Waterfront: No
- Year Built: 1975
- Bldg sqft: 4130
- Days On Market: 47
- Additional Information
- Geolocation: 28.2598 / -81.5062
- County: OSCEOLA
- City: INTERCESSION CITY
- Zipcode: 33848
- Subdivision: Cox Rudd Add Intercession City
- Provided by: LUXURY ORLANDO REAL ESTATE
- Contact: Anthony Giuffrida, PA
- 407-705-7634
- DMCA Notice
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DescriptionTriple 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 6.59% CAP Rate NO WORK, all while the property appreciates in value. An additional adjoining 1 acre can be purchased for $350,000 already cleared and fenced
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Building and Construction
- Covered Spaces: 0.00
- Living Area: 2400.00
- Roof: Membrane
Property Information
- Property Condition: Completed
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Parking Spaces - 6 to 12
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Road Frontage Type: City Street, County Road
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 131832.00
- Other Expense: 0.00
- Tax Year: 2025
Other Features
- Country: US
- Legal Description: COX RUDD ADD PB 1 PG 306 BLK 11 LOTS 1 & 2 AND INTEROCEAN CITY SEC A PB 1 PG 169 BLK 26 LOT 9 AND VAC COLLEGE AVE
- Area Major: 33848 - Intercession City
- Occupant Type: Tenant
- Parcel Number: 03-26-28-2880-0011-0010
- Possession: Close Of Escrow
- Zoning Code: OCN
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