$2,675,000
$2,794,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
2365 PARR DR The Villages, FL 32162
5,319 SqFt
Key Details
Sold Price $2,675,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 5,319 sqft
Price per Sqft $502
Subdivision Villages Financial Center
MLS Listing ID G5023044
Sold Date 05/08/20
HOA Y/N No
Year Built 2004
Annual Tax Amount $25,538
Lot Size 1.610 Acres
Acres 1.61
Lot Dimensions 175 x 345
Property Description
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
State FL
County Sumter
Community Villages Financial Center
Zoning CL
Interior
Cooling Central Air
Building
Lot Size Range One + to Two Acres
Structure Type Brick
New Construction false
Others
Pets Allowed No
Ownership Other
Special Listing Condition None
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Bought with OUT OF AREA REALTOR/COMPANY
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