Commercial - ORLANDO, FL
Established and Leased Gas/Convenience Store located in the middle of a major growth area. A true TRIPLE NET LEASE with the outstanding CIRCLE-K Corp. Located at the major intersection of East Colonial Dr. (Hwy 50) and Chuluota Rd. (419), cornered by Mc Donald's, Walgreens, Tractor Supply, Publix shopping center, BP, Burger King, 5/3 Bank and other stores. The TRUE initial CAP RATE is 6.3 % growing to 15.2% over the life of the lease. The initial NET INCOME stream is $145,480 per year with increases and NO COST. Located at the NE corner of E. Colonial Dr and Chuluota Rd., surrounded by shopping and food service. East Colonial is planed and under construction to be widened to Six lanes. There is a new 2300 home project in permitting with in 1/4 mile. There is a 3 sided pole sign included in the purchase.