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2540 Commercial Dr
Starke, FL 32091
T-Mobile · Retail Property For Sale
Investment Highlights
- High Traffic Location on Signalized Corner and Strong Visibility
- Corporate Guarantee - Investment Grade Credit Tenant (S&P: BBB, Fitch: BBB+)
- 5.5+ Years Remaining on Lease with Three (3) - Five (5) Year Options
- Attractive Rental Increases
Executive Summary
NNN Pro is pleased to present the exclusive listing for a T-Mobile located at 2540 Commercial Drive, Starke, FL 32091 . The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.72-acre parcel of land. This T-Mobile is subject to a 10-year Double Net (NN) lease, which commenced 12/1/2021. The current annual rent is $115,830 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,700 SF
Building Class
C
Year Built/Renovated
2006/2021
Price
$2,150,000
Price Per SF
$796.30
Cap Rate
5.39%
NOI
$115,830
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.72 AC
Zoning
B3 - Highway Commercial District
Frontage
133’ on Commercial Dr
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 04708-0-00202 | Improvements Assessment | $180,684 |
| Land Assessment | $291,600 | Total Assessment | $472,284 |
Property Taxes
Parcel Number
04708-0-00202
Land Assessment
$291,600
Improvements Assessment
$180,684
Total Assessment
$472,284
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