TAVARES, FL 32778 610 E Burleigh BOULEVARD
$2,579,333
1 more
Presented By: ELKPENN INC with 407-733-6672. - 407-733-6672
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 1,730
Home Details
Passive investment opportunity with huge tax benefits. Purchaser has the ability to write off 60% in year 1 with accelerated depreciation .
The property is occupied by Strickland Brothers who is rapidly expanding with the goal to reach 200 by 2024. Strategic investment by Princeton equity during 2021 is propelling expansion efforts. Approx 15 years remain on the lease with 10% escalations every 5 years. The tenant has 3 (5yr) options they can exercise after the initial term. Current annual in place NOI $154,760 , passive income collected every month providing the purchaser with a 6% yield (CAP). No landlord responsibilities. Absolute NNN deal .
Flyer = https://elkpenn.com/properties/Burleigh/Burleigh%20Blvd.pdf
Presented By: ELKPENN INC with 407-733-6672. - 407-733-6672
Interior Features for 610 E Burleigh BOULEVARD
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
General for 610 E Burleigh BOULEVARD
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Buyer Agent Compensation2%
CityTAVARES
Construction MaterialsBlock
CoolingA/C - Office Only
CountyLake
Days on Market3
DirectionsIn between leesburg and Mt.Dora.
Flood Zone CodeNA
Legal DescriptionTAVARES COMMONS PB 62 PG 92-93 PARCEL 1 ORB 6014 PG 1727
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet54189
Lot Size UnitsAcres
MLS Area32778 - Tavares / Deer Island
ModificationTimestamp2024-04-21T05:00:08.527Z
New ConstructionYes
Percent OwnershipOther
Property ConditionCompleted
Property SubTypeRetail
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Subdivision NameTAVARES TAVARES COMMONS
Tax Annual Amount11962.9
Tax LotPG 1727
Tax Year2023
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built2023
ZoningC-2
Exterior for 610 E Burleigh BOULEVARD
Building Area Total1730
Foundation DetailsConcrete Perimeter
Lot Size Acres1.24
Lot Size Area1.244
Number of Buildings1
Road Frontage TypeAccess Road
Road Surface TypeAsphalt
Additional Details
Price History
