Office•Office Building•For Sale

NNN Multi-Tenant Investment Opportunity

301 N. Brevard Avenue, Arcadia, Florida 34265

Sale Price Market
Sale Type Net Lease Investment
Zoning B-3
Class C
Year Built 1989
Year Renovated 2020
Stories 2
Gross Bldg 13,179 SqFt
Land Area 1.75 Acres
This income-producing asset is located in an opportunity zone and home to tenants such as Jackson Hewitt Tax Services Inc., RMZ Realty, Sweet T's Subs, Arbitration Insurance and the Department of Corrections—a government-backed lease. The 13,179-square-foot, masonry-style building sits on 1.75 acres of land. With 1,000 SF of vacant space on the second floor, there is opportunity to increase gross rental income. Along with retail and office space, this building also boasts 2,183 SF of warehouse space, an 840-SF storage bay, and 50 parking spaces in a sizable surface lot. All leases are triple net. Situated at the crossroads of State Route 70 and U.S. 17, Arcadia is a city and county seat of DeSoto County in Florida. The city is centrally located between Tampa, Ft. Myers, Sarasota, and Lake Okeechobee – the largest lake in Florida. Hilco Real Estate, LLC in cooperation with Paul A. Lynn, FL Broker, Lic. #BK3210083. © 2020 Hilco Global, LLC.
  • Income-producing asset with triple net leases
  • NOI: $71,831.56
  • Upside potential with vacancy lease-up
  • Includes a government-backed lease
  • E-commerce resistant tenant roster
  • Recently updated parking lot and façade
  • Located in an Opportunity Zone
  • 50 surface parking spaces
2/19/2020 3:43:27 PM 4/1/2020 1:28:16 PM
Jonathan Cuticelli
Managing Director
Hilco Real Estate
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