This C-Store with gas is well located on a busy and growing commuter roadway corridor connecting the east side of Deltona, the most populated city in Volusia County, FL, with Orlando. The property fronts SR 415, with over 18,000 vehicles per day of traffic - and growing.
The property is Tenant occupied with a "true" NNN lease, its first 5 year lease term expiration of April 17, 2022, with three (3) consecutive five (5) year renewal option periods, with annual rent increases of 2% beginning lease year 4. The C-store portion of the real estate occupies 6/10 ac +/- of land, with an UNUSED balance of 1 ac +/- of land that is currently cleared with 472 linear FT of frontage along Enterprise Osteen Road. The property is served by a septic system. The drain field to the septic system occupies a small portion of the vacant land area. Any design and development made for the vacant land would need to consider this and/or redevelop the sanitary system supporting this need at the property. It is possible and likely that the nearby development activity will bring public services very near this site, making it easier to connect to those services.
The zoning for the site is OCV which accommodates a variety of retail style uses which includes restaurants, retail sales and services (not exceeding 15,000 SF per structure), pharmacies, financial institutions, barber and beauty shoppes, contractor's shop, storage and equipment yard, general offices, medical & dental offices, health clubs and spas, restaurants, etc.
The property is well positioned, enjoys the residential population density of Deltona and the growth to its south. A few miles to its north is a Walmart Supercenter. To its south is the Sanford Orlando International Airport as well as the Boombah Sports Complex which boasts 15 baseball fields 6 fields boasting natural turf, 9 fields synthetic turf, all fields enjoy fixed and portable fencing. The area of the Boombah Sports Complex and Sanford Orlando International Airport has been and is experiencing substantive growth along its supporting roadway corridor (Lake Mary Blvd Extension which leads to and intersects with SR 46, then turns in to SR 415).
Much is anticipated for this area along this corridor. A new Publix Grocery has been developed at the SEC of SR 46 and SR 415 (Lake Mary Blvd Ext). A definitive sign this area is experiencing the expansion and economics that will further promote and benefit commerce and opportunity.
Scott Garrett
BOSS Commercial Real Estate, LLC