Lake Placid, FL
Price:
$ 2,619,287
CAP Rate:
8.00%
NOI:
$ 209,543
Lease Term Remaining Before Options:
3 Years 7 Months
- The lease allows for fixed rent increases every five years in the option periods.
- Located along Lake Placid's main commercial corridor, the property is situated at the corner of US Route 27 and East Interlake Boulevard, with a combined average daily traffic count of 27,900 VPD.
- The closest CVS is located approximately 13 miles away.
- Located 2 miles away, Amazon is building a brand new, 75,000 square foot delivery station, expected to be operating in the Fall of 2025.
- CVS has been operating out of this location for over 26 years and are currently in their 2nd Option with 2 (5-Year) option periods remaining.
Price:
$ 2,619,287
CAP Rate:
8.00%
NOI:
$ 209,543
Lease Term Remaining Before Options:
3 Years 7 Months