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5110 W State Road 46
Sanford, FL 32771 Sanford

$1,281,553 USD

Auto Repair For Sale  •  7,424 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 7,424 SF
  • Lot Size 0.92 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 5.15 %
  • Tenancy Single
  • Zoning C-2
0 Transit Score
50 Walk Score

Highlights

Ground Lease – Absolute NNN - Zero landlord responsibilities
10% Rental Escalations Every Five Years - Throughout primary term and all four options (Next occurring June 2027)
Below market rent - (Current: $8.89/SF vs Submarket: $23.55/SF)
Primary Corridor Location - Fronts State Road 46 (28,000), Proximity to Interstate 4 (140,000 VPD) & State Hwy 417 (45,000 VPD)
Strong Demographics - 111,000+ residents, $132,000+ average household income within 5 miles
No State Income Tax - Florida’s lack of personal income tax boosts after-tax returns

Property Flyers

Cap Rate: 5.15 %

Major Tenants

Tenant SF Occupied Lease End Date
AutoZone 5/31/2032

Public Transportation

Commuter RailDriveWalkDistance
9 min - 4.0 mi
9 min - 4.1 mi
AirportDriveWalkDistance
Orlando Sanford International 18 min - 11.4 mi
Daytona Beach International 42 min - 33.4 mi
Orlando International 47 min - 38.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Jimmy Goodman 847-562-8500 The Boulder Group
Jimmy Goodman 847-562-8500 The Boulder Group