Buyers Fee 3 Percent
Price 12.8M
LOI and POF needed for financials
NOI 830K
Cap Rate 6.5
Have OM
THIS IS AN ULTRA MODERN GAS STATION, "SUN-GAS". THIS FULL SERVICE STATION WAS BUILT IN 2000 AND SITS ON A HARD CORNER ON BUTLER AVENUE IN A GREAT PART OF ORLANDO. THIS PROPERTY IS APPROXIMATELY 2.5 MILES FROM ORLANDO INTERNATIONAL AIRPORT. IN ADDITION TO A TREMENDOUS AMOUNT OF PUMPING ISLANDS, THERE IS A 4,500 SQUARE FOOT CONVENIENCE STORE AND A LEASED OUT ITALIAN EATERY OF ABOUT 3,300 SQUARE FEET. THE LAND PARCEL IS 1.37 ACRES. THE SIGNAGE AS IT SHOWS IN THE PICTURE ARE OUTSTANDING.
THE NET OPERATING INCOME HAS INCREASED SIGNIFICANTLY FROM $830K+ TO OVER $1,050,000 AND BASED ON PURCHADE PRICE OF $12,800,000, THE CAP RATE IS NOTICEABLY HIGHER THAN THE LOCAL AVERAGE OF ABOUT 6%, NOW THIS ASSET HAS A CAP RATE IN EXCESS OF 8%. BEING CLOSE TO THE AIRPORT, SOLID MANAGEMENT AND BEING LOCATED ON BUTLER BOULEVARD WHICH HAS A TREMENDOUSLY HIGH TRAFFIC COUNT IS A MAJOR REASON FOR THIS HIGH PERFORMANCE.THIS WILL BE EASILY VERIFIED IN DUE DILIGENCE.
THIS IS A CLASS B ASSET. THE PUMPS ARE NEW AS WELL AS THE PAVING.
SUBJECT ADDRESS:
5600 BUTLER NATIONAL DRIVE
ORLANDO. FLORIDA 32812
