Downtown Fort Lauderdale Covered Land Play | 15-Year Absolute NNN | FOR SALE
711, 735 West Broward Boulevard and 790 NW 1st St, Fort Lauderdale, FL
$9,215,000
Price
5.5%
Cap Rate
$507,000
NOI
Overview
Description
LONG TERM STABILIZED INVESTMENT
• Brand new 15 year Absolute NNN Lease
• Strong Hedge Against Inflation - There are 3% annual escalations allowing properties to keep up with rising market rents
• Absolute NNN Lease - Landlord has zero landlord responsibilities because the tenant takes care of insurance, real estate taxes, and maintenance
• Strong Sales Growth - This site has seen explosive sales growth over the past few years
• Tax Free State - Florida is one of 8 states out of 50 that has no state income taxes - great investment for those also living in tax free states or those who do not want to file taxes in other states
• Strong Retail Corridor - Other national tenants in the immediate area include McDonald’s, Publix (coming soon), Taco Bell, Wendy’s, Walgreens, amongst others
• 5-Year Buyout Clause Option with 18-Month Notice For Redevelopment Opportunities
• Get the Permits approved while collecting cashflow
SEASONED OPERATOR OF AN EXCELLENT BRAND with multiple locations throughout South Florida
• Strong Guarantee - Personal guarantee from established operator
Documents
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Offering Memorandum
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