Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Lot Size: | 0.7 Acres |
Financials
Price:$2,180,000
Annual Taxes:$11,997
Listing Courtesy of Upside Partner, LLC.
Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net leased income property backed by oneof the strongest credit profiles in commercial real estate a Floridamunicipality ...
Description
Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ‘AA’. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the City’s AA credit —stronger than the vast majority of corporate net-lease tenants,including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and onpar with select cities like New York, Miami and Dallas; and (2) theunderlying real estate — a 29,175 SF B-3 commercial-industrial parcelin one of South Florida’s most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12072664
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.