Mobil Gas Station - Net Lease Property for Sale
Melbourne, FL
Key Investment Metrics
Price
$3,800,000
Cap Rate
7.3%
Net Operating Income
$276,000
Building Size
1500 SF
Lot Size
1,500 SF
Land Area
0.66 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1993
Occupancy
100%
Tenancy
Single
Rent Increases
5% EVERY 5 YEARS
About This Mobil Gas Station Net Lease Property
This Mobil Gas Station NNN (triple net lease) property is located in Melbourne, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 1500 square feet of building space and was built in 1993.
With a cap rate of 7.3%, this Mobil Gas Station net lease property offers stable income potential. The asking price is $3,800,000, making it an attractive option for 1031 exchange investors seeking quality Mobil Gas Station commercial properties.
Why Invest in Mobil Gas Station NNN Properties?
- Stable Income: Mobil Gas Station net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Mobil Gas Station is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Melbourne, FL Market Overview
Located in Melbourne, FL, this Mobil Gas Station property benefits from strong local demographics and market fundamentals. The Melbourne area offers excellent visibility and accessibility, making it an ideal location for Mobil Gas Station operations and a solid investment for net lease property buyers.