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VERIZON NNN FREESTANDING BLDG-21219

1790 E. COMMERCIAL BOULEVARD, Fort Lauderdale, FL 33334

N/A

2,831 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
2,831 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Commercial/ Other (land)
Office Building
Retail (Other)
Property Use Type:
Net Lease Investment with
9 years left on lease
Commission Split:
3%
Cap Rate:
6.60%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Lot Size:
18,638 SF
Listing ID
16758057
Last Updated
over 1 year ago

Highlights

  • ABSOLUTE NNN
  • HIGH TRAFFIC AREA
  • GREAT UPSIDE POTENTIAL

Description

The property has an absolute NNN lease which commenced in November 2008 and terminates in 2013. There are two three-year option periods. Annual increases based on CPI, min. 3% , max 6%. The subject property is a 2,831 square foot freestanding, absolute net leased free standing building on 18,638 sq. ft. of land in Fort Lauderdale Florida. The property is located at the intersection of Commercial Blvd. and NE 18th Ave., in a densely populated area and experiences high daily traffic. Seller financing possible with $500,000 down payment.

Property is located on the corner of Commercial and NE 18th Avenue. This property is strategically located on busy Commercial Blvd., East of 1-95. Facing constant traffic flow, the property is located in the center of commercial corridor, featuring CVS, Staples, Boston Market, Flannigan's and many other retailers. The closest Verizon store is 1.5 miles away.

Map of 1790 E. COMMERCIAL BOULEVARD, Fort Lauderdale, FL 33334 (Broward County)

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