Commercial property in Hudson, Florida 121.79 sq.m. № 2218597

Commercial property in Hudson, Florida 121.79 sq.m. № 2218597
ID2218597 $ 499 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
2218597

Property description

A premier, fully-occupied passive investment opportunity in Hudson, Florida. This 0.34 acre site features a 1,311 SF building with a two-bay automotive service garage. The property features 100 feet of direct US-19 frontage (40,000 AADT) and has a dedicated turn lane. The asset is secured by a 7-year absolute NNN lease (through November 2032), leaving the landlord with zero expense obligations as the tenant covers all taxes, insurance, and maintenance. Featuring an annual NOI of $42,000 (year 1) with 3% annual increases and priced at an 8.42% CAP rate, this is a prime passive investment opportunity along a major Florida growth corridor.
MLS #: TB8520383
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CityHudson
Address15217 US HIGHWAY 19
TypeCommercial property
Living space121.79 m²
  • sq. ft
Completion dateIV quarter, 1977
Price
  • Price
  • per m²
$ 499 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £