610 E Burleigh Boulevard, Tavares, FL 32778 | MLS O6198044 | Listing Information | Real Living Real Estate Solutions | Real Living Real Estate Solutions Skip to main content
Real Living Real Estate Solutions
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FOR SALE
$2,579,333

610 E Burleigh Boulevard
Tavares, FL 32778

Retail, Business Opportunities
Residence
1,730
Sq. Ft.
1.24
Acre Lot
Courtesy: ELKPENN INC, 407-733-6672
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
O6198044
Retail, Business Opportunities, 1 Story
Lake
2023
1.24 Acres
1
Block
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Courtesy: ELKPENN INC, 407-733-6672


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