$499,000
Active · 0 days on market · MLS# MFRTB8520383
| Living area | 1,311 sq ft |
|---|---|
| Lot size | 0.34 acres |
| Year built | 1977 |
| Property type | Business |
| Waterfront | Yes |
| Annual taxes | $1,443 |
| County | Pasco |
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.
Listing courtesy of Paul Linder, SAUNDERS REAL ESTATE, LLC. Presented by MC Homes Realty Inc · 727432218.