Nest Seekers

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 ...

Oakland Park, FL 33334

Listing

Web ID:5698397
Website:https://www.nestseekers.com/5698397

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.7 Acres

Financials

Price:$2,180,000
Annual Taxes:$11,997

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

Location

Oakland Park FL 33334 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of Upside Partner, LLC.
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