15-Year Corporate Lease, 6% Increases Every 5 Years Beginning in Year 11. Investment Grade Credit Tenant, Rated ‘BBB’ by S&P. Brand New Upgraded Block Construction, Minimal Landlord Responsibilities.
Absolute NNN | Zero Landlord Responsibility. Hard Signalized Corner with Great Visibility | Visible to More than 59,000 Vehicles/Day. Minutes from Several Regional Medical Centers and Hospitals. Strong Demographics. | 277,000+ Full Time Residents in Trade Area. Large 1.86 Acre Parcel. Drive Thru Pharmacy. Florida is a No Income Tax Free State.
New TD Bank prototype with remote ATM service. High profile, corner location with strategic positioning in the market. $100,221 AHHI within 1 mile. Long term lease with 10% rent increases provide hedge against inflation.
Brand-New 2019 Construction with Drive-Thru. Ample Rent Growth – 10% Increases Every Five Years – There are 10% rental increases built into the lease every five years, providing the landlord with positive rent growth and a hedge against inflation.
NN Lease Structure – Minimal Landlord Responsibilities. Income Tax Free State. Recently Extended Early Showing Strong Commitment to Site. Dollar General Standard & Poor’s Credit Rating – BBB.
The property has approximately 252 feet of frontage on high-traffic King Street which is the main business arterial east-west thorough-fare of Cocoa, FL. Average daily travel is 24,500 vehicles. Lease rate (and NOI) upon lease renewal in 2024 is scheduled to be $152,250.
Brand New Construction 7-Eleven Corporate Guaranteed Ground Lease (71,000+ Locations and AA- S&P Credit Rating). Dense Population: More than 409,509 People in the Market Area. Florida is a “No Income Tax State.”
Brand New Construction Wendy’s Fast Food Restaurant with Drive Thru. This Wendy’s serves The Villages; the Nation’s fastest growing metro area. Average Household Income Exceeds $80,00 in a Three Mile Radius.
The estimated population within a 3-mile radius of the subject property is 27,809 and 70,741 within a 5-mile. Additionally, within a 3-mile radius of the subject property, the average household income is $79,494.
Upcoming Scheduled Rental Increase on 9/22/2022. High Traffic Intersection with Traffic Counts in Excess of 67,000 Vehicles Per Day. Desirable Hard Corner Location with +/- 0.93 Acre Lot. Average Household Income of $96,100 Within a Three-Mile Radius.
10% Increase Each Option. 174,700+ 5-Mile Population. 17,3000 Vehicles Per Day In Front Of Property. Tenant Responsible for Maintenance, Taxes, Insurance. National Investment-Grade Tenant – S&P Investment Grade BBB. Corporate Guaranteed Lease.
More than 13 years remaining on the 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site. More than 268,000 residents and 188,000 employees support the trade area.
Brand New Construction Wendy’s Fast Food Restaurant with Drive Thru. Lease with 7.5% Increases in Rent During the Base Term and Option Periods. Hard Corner Signalized Intersection with Traffic Counts Exceeding 27,000 Vehicles Per Day.
Lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The ground lease features 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period, generating NOI and hedging against inflation.
Lease features 2% rental increases every year throughout the initial term and at the beginning of each option period, generating NOI and hedging against inflation. Ideal, management-free investment in a state with no income tax.
Site is located in Florida, which is an income tax free state. 1/2 mile from the Regal Largo Mall, consisting of +/-68 stores and anchored by national tenants such as Target, Kohl’s, Bed Bath & Beyond, Bealls, Lulu Lemon, PetSmart, Marshalls, Michael’s, Staples, and more. Directly off Seminole Blvd with great visibility to +/-35,000 VPD.
15 Years Remaining / 6% Increase in Year 11& the Four, 5 Year Options. Frontage on Thomas Drive the Major Thoroughfare in Panama City with over 27,000+ vehicles per day. Households 51,000+ and an Average Household Income of $68,000+.
Tenant just completed a total renovation of the building to its modern prototype. 10% rental increase every 5 years. Rent considered to be below market. Florida has no state income tax.
Located in Dense Retail Corridor. Population exceeds 418,000 within 5 miles. Exposure to 52,000 VPD. Excellent access off of Pines Boulevard. Rare absolute NNN Starbucks – Zero landlord responsibilities. 7% increases every 5 years during original term and 10% during option years. Newly executed 10 year Lease Extension.
Standard & Poor’s Investment Grade Credit Rating of AA-. Located on Estero Parkway, with a Traffic count of 12,000 VPD and Three Oaks Parkway, with Traffic Counts of 15,000 VPD. Less than Three Miles from Florida Gulf Coast University. Eight Miles from Southwest Florida International Airport. Located Directly in Front of Estero Oaks, Brand New Luxury Rental Apartments.
Zero Landlord Responsibilities. Investment grade rated tenant (S&P: AA-). Benefits from its position within a strong retail corridor. Located less than 10 miles from Walt Disney World. Just outside of Orlando MSA. Florida is a tax free state.
Attractive Ten Percent Increases Every Five-Years, Including Option Periods. Less than Three Miles from the BB&T Center, Home to the Florida Panthers of the NHL. Major Retail Tenants & Points of Interest in Close Proximity.
Attractive Ten Percent Increases Every Five-Years, Including Option Periods. Positioned at the Signalized Intersection of Bayside Lakes Boulevard and Cogan Drive that has an Average Daily Traffic Count of 15,300 Vehicles Per Day. Major Retail Tenants & Points of Interest in Close Proximity.
10% Rental Increases every Five Years in Base Term and Option Periods- Extremely Rare in Wawa Leases. Brand New Construction; Now Open. Located at the Intersection of Powerline Road and Sample Road. Between Interstate 95. 3 Miles from Seminole Casino Coconut Creek.
Six, Five-Year Renewal Options. 8% increases every Five Years, Beggining Year 11. Located at the Intersection of State Road 7 and Copans Road. Within Close Proximity to Florida Turnpike. One Mile from Northwest Medical Center. Two Miles from Seminole Casino Coconut Creek and Broward College- North Campus.
No Landlord Responsibilities. 10% Increases every 5 Years in the Option Term. Corporate Guarantee from S&P Rated BBB Company. Less than 1 Mile Interstate-95. Heavily Trafficked Street. Newly Built Relocation Store.
2018 Construction. 2,265+/- SF Building on .68+/- Acre Site. 10% Rent Bumps Every 5-Yrs. Adjacent to multiple Hotels. 3-Miles N of Elgin Air Force Base. Nationally recognized as a “hot spot” for living & business dev. 3-Mile Radius: Est Pop: 24,165 l Average HH Income: $72,726.
Strong demographics – 239,711 people within 5 miles. Rare dollar store interstate location. Roof warranty through base term. 31,273 VPD pass by the property. Corporate guarantee.
Price:
$2,435,000
Status:
Available
CAP:
6.25%
Years Left:
6
Lease Type:
Florida is one of the most attractive investing states around. It brings many attractions as being the third most populous state. It has as of 2019, 21,477,737 residents. The largest employment sectors are trade, utilities, government, transportation, education, health, business services and leisure and hospitality. There are 100’s of Absolute NNN Properties for sale in Florida to choose from. Click the link below for a more detailed report on the state and available Florida NNN Properties for sale.
