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4699 Volunteer Road - Regency Professional Center - Goodyear, Davie, FL

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4699 Volunteer Road - Regency Professional Center - Goodyear

Davie, FL 33330-2131 - Southwest Broward Submarket

Property Type:Retail Sub Type:Auto Repair Status:Existing Year Built:1993
Building Size:6,084 SF Land Area:1.33 AC (57,817 SF)
For Sale Price:$1,749,000 Price/SF:$287.48
Cap Rate:5.00 %
Parking:Free Surface spaces are available; Ratio of 4.86/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign, Signage

Sale Notes:
Goodyear corporate leased and operated tire and auto center. This is probably the only NNN that GOES UP in value should the tenant leave. Check the demographics; through the roof local household incomes and is immediately adjacent I-75 and extremely high-end auto retailers. Landlord roof responsibility, full replacement in 06.

Original 15 year lease began 3/31/92. Currently in the middle of 5 options lasting 5 years each. Local businessmen BEGGING to tear down and repurpose at 2m+. Goodyear thus far choosing to remain. Again, only upside in losing tenant, simply unheard of in the NNN space.

Bridgeport Partners
Dan Leben
(920) 378-4156

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