3012 37Th Pl, Wildwood, FL 34785
7,608 SF | Retail Building | Wildwood, FL 34785 | $1,599,000 ($210/SF) | 7.50% Cap Rate
For Sale
Active
27 pictures
Asking Price $1,599,000
- Property Type
-
Retail
- Square Feet
- 7,608 SF
- Price / Square Foot
- $210
Listing Contacts
Dan Tatro
Property Overview
$$ Income Opportunity - 7.5% CAP Rate - National Credit Tenant - 9,848+/- SF Industrial Bldg and property with 4 years left on the initial term of a 5-year NNN lease with an additional 4, five-year options. Annual base rent is $120,000. Parking lot was recently resealed and restriped. Building was built in 2010 with multiple grade level roll-ups doors, finished offices, security fencing and gates. Site is .83+/- acre or 36,155+/- SF corner lot located in the attractive "South Wildwood Industrial Park" in the Wildwood & The Villages area, which is just 5 minutes from Florida's Turnpike, I-75 and less than an hour to Orlando, Tampa or Ocala. Building and property are immaculate and well maintained inside and out. Tenant use is automotive garage / warehouse. "Positioned at the apex of Central Florida’s economic triangle, Sumter County represents distribution hub advantages unique in Florida. Major transportation arteries include Interstate 75, Florida’s Turnpike, US Highway 301, and State Roads 44, 48 and 470. In addition, CSX rail bisects the county from north to south. This natural confluence of transportation arteries and our close affinity with two international airports and four major seaports make Sumter County a truly ideal location for distribution operations considering regional or national product distribution. And as a bonus, our inland location is less susceptible to hurricane damage while also being significantly less expensive than a location directly on the Gulf or Atlantic coasts." - Sumter County Economic Development Council . All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT - Do not disturb tenants or enter property without listing agent.
Property Details
- Year Built
- 2010
- Stories
- 1
- Property Subtype
- Vehicle Related
Highlights
- Investment Opportunity 7.5% CAP
- NNN Lease, 4 of 5 year lease remaining
- National Credit Tenant
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