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 ...


Property

Website:https://www.nestseekers.com/5698397
Address:
Oakland Park, FL 33334
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.

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Upside Partner, LLC.

Oakland Park FL 33334 USA