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2365 PARR DRIVE

Commercial Recently Sold
$2,675,000

BTC: 27.29619690

ETH: 790.37952991

Sold on: 2020-05-08
126 days
0 room(s)
5,319 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Located on "Banker's Row" in The Villages. This is a rare opportunity to find one of these ground leases come available. Located on corner of C 466 with a full median cut into Preston Dr. This parcel also corners with Parr Dr. in the rear of the property.This is the easiest bank to get into and its right across 466 from the best section of Restaurants and Retail Shopping that The Villages has to offer. This section has some of the highest traffic counts in The Villages at 24,000 average daily trips. This is a absolute triple net lease with 4 years plus on the lease left, with 4-5 year extensions. Income is $167,970 a year and a 6% Cap Rate, Annual Rent Bumps tied to CPI. The actual building is 5,319 square feet with a 1,225 sf Drive thru. Please do not disturb tenant. A confidentially agreement will be required to sign before the lease can reviewed. This parcel has golf cart access!!

Location

Florida • THE VILLAGES • 32162 • Commercial • Recently Sold

Facts and features

Type:
Business Opportunity
Parking:
No Data
Year Built:
2004
Lot:
1.61 Acres
Heating:
No Data
Price/sqft:
$525
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Cooling

    • Central Air

  • Lot

    • Lot: 1.61 Acres

    Other Property Information

    • Parcel Number: D16R008C

    • Zoning: CL

  • Type and style

    • Property Type: Business Opportunity

    • Property Sub Type: Business

  • Other financial information

    • Annual tax amount: $25,539

  • Source details

    • MLS ID: G5023044

    Other facts

    • Construction Materials: Brick

    • Living Area: 5319

    • Lot Size Dimensions: 175 x 345

    • Subdivision Name: VILLAGES FINANCIAL CENTER

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SMITH & SMITH REALTY, INC