Listed by Marcus & Millichap - Milwaukee, Marcus & Millichap - Fort Lauderdale
$2,750,000
Amscot - Absolute Net Lease
Details
Property Type Retail
Sub Type Bank
Square Footage 2,400
Net Rentable (SqFt) 2,400
Units 1
Cap Rate 5.65%
NOI $155,302
Occupancy 100%
Tenancy Single
Brand/Tenant Amscot
Lease Type Absolute NNN
Lease Term 29.2
Lease Expiration 05/30/2035
Remaining Term 8.9
Lease Options Two Ten-Year
Price per SqFt $1,146
Broker Co-Op Yes
Year Built 2006
Acreage 0.400
Investment Type Net Lease
Lease Commencement 03/31/2006
Occupancy Date 03/31/2006
Ground Lease No
Absolute Net Lease | Recent Ten Year Extension
Investment highlights
New 10 Year Lease Extension
Absolute Net Lease - Tenant Responsible for Roof, Structure and Parking Lot
Corporate Guarantee - Over 200 Locations in Florida
Hard Corner Location with High Traffic Counts (43,000+ VPD)
Listing Contacts
Listed by Marcus & Millichap - Milwaukee, Marcus & Millichap - Fort Lauderdale
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,302.00
$12,941.83/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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