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- LoopNet Team
15457 Southern Blvd
Loxahatchee, FL 33470
AutoZone · Land For Sale
·
0.71 AC
PROPERTY FACTS
DESCRIPTION
• Rare 20 Year Absolute Net Ground Lease with investment grade tenant (S&P: BBB) provides completely passive ownership and stable cash flow • Priced well below replacement cost, low rent ground lease ($11.99/SF) provides long-term future upside in rent • Trophy asset in top Palm Beach County growth market – 7,000 homes are in various stages of development within 4 miles (Arden - 2,300 homes & Westlake – 4,500 homes) • Across from Wellington, home of the International Polo Club and one of the most affluent communities in Florida ($178,000 AHHI in 1 mile) • High-profile free-standing building with excellent visibility to regional intersection with over 62,000 cars per day • Shared traffic light with major traffic generators Publix, Aldi, Tractor Supply, Wawa, 7-Eleven and Wendy’s • AutoZone (NYSE: AZO) operates approximately 7,000 stores worldwide and posted $16.25 billion in revenue in 2022 • Fixed 8% rental increases provide hedge against inflation • Florida has no state income tax and in 2022 ranked as the fastest growing State in the US with nearly 10,000 people moving to the Sunshine State every week
PROPERTY TAXES
| Parcel Number | 41-41-43-31-12-001-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,228,533 |
PROPERTY TAXES
