Euro Produce Market
Net Leased Mixed-Use Investment Opportunity - Pinellas (Tampa MSA)
Marketing description
NNN1031 as exclusive broker is pleased to offer for sale a prime retail/warehouse value-add net lease investment opportunity (the “Property”) located at the SW corner of 94th Ave., just off 49th St N, and adjacent to Alt19 is a high trafficked Pinellas/Hwy 19 location. This outstanding mixed-use investment features a retail and warehouse component. The retail tenant encompasses a Euro Produce Market (1960/sf storefront) and Home Care Service (2400/sf office) as (“Tenants”) The warehouse tenant features a real estate staging company 6400/sf (“Tenant”) All leases are NNN with R/S caveat on the warehouse lease. With a 6-year WALT, the investment provides a stabilized cash flow with above-average rental increases. There is assumable (private lender) high leverage debt in-place with 600K down. Call broker for details.
Investment highlights
Solid Pinellas Infill location
Unique Mixed-Use Component
Close Proximity to US 19
High Leveraged Assumable Debt
Strong Principle Reduction for Leveraged Buyers
Small bite-Sized deal
Stable Tenancy w/6 Yr WALT + Options
4% +/- annual increases
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