Overview

Description

Sperry CGA Silverfish CRE is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a single tenant retail property located in Panama City Beach, Florida. Because this lease is NNN except for the roof, it limits “leakage and provides a consistent NOI for a future investor. The rental increases by 2% a year, offering a hedge against inflation. Additionally, the underlying property is in the dominant trade area, an explosive growth area that provides extra security for the investment’s future.

Sperry CGA Silverfish CRE is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a single tenant retail property located in Panama City Beach, Florida. Because this lease is NNN except for the roof, it limits “leakage and provides a consistent NOI for a future investor. The rental increases by 2% a year, offering a hedge against inflation. Additionally, the underlying property is in the dominant trade area with explosive growth area that provides extra security for the investment’s future.

Highlights

• Below Market Rent
• Main Road to the Beach
• 33,000 Cars a Day
• Hombre Redevelopment Just to the North
• Single Family House Construction in all Directions
• 2% Annual Increases
• 10 Year Lease with Corporate Guarantee

Documents

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