Commercial property in Fort Meade, Florida 238.02 sq.m. № 2425695

Property description

CapStar Real Estate presents the Income-producing retail investment on US Highway 17 in downtown Fort Meade. Offered at $1,250,000, this property features a Circle K convenience store and laundromat totaling approximately 4,062 SF across two buildings on 0.37 acres. The corner location at N Charleston Avenue and 2nd Street offers highway frontage, 15 on-site parking spaces, and exposure to approximately 24,500 vehicles daily, as cited in the appraisal. Reported improvements include convenience-store renovations in 2013 and laundromat renovations in 2025. The appraisal identifies Circle-K Stores, Inc. as the master tenant for the entire property, with the laundromat subleased to Bright Laundromat, LLC. Appraisal-reported annual rent and NOI of $73,769 indicate a 5.90 capitalization rate at the asking price, based on the appraisal’s absolute-net lease assumption. Current rent, lease term, renewal options, and expense responsibilities are subject to verification. Sale includes the leased-fee real estate interest only.