13525 SW 288th St - Auto Repair FOR SALE


Homestead, FL 33033- Outer Homestead/South Dade
$2,005,000 USD
321-427-5437
13525 SW 288th St, Homestead, FL for Sale
$2,005,000 USD
Auto Repair - FOR SALE
1/4
null | 4.5% Cap Rate

13525 SW 288th St
Homestead, FL 33033
Outer Homestead/South Dade


HIGHLIGHTS

  • Perfect Investment Opportunity - Absolute NNN Ground Lease
  • 2020 Construction
  • Next Rental Bump in Three Years
  • High Growth Market of South Miami-Dade County
  • Income Tax Free State
  • Financially Strong Tenant with Corporate Guaranty

OVERVIEW

Charles Wayne Properties is pleased to present this superb absolute NNN ground lease investment opportunity in Homestead, Florida. This AutoZone is ideally situated in a dense retail corridor with high traffic counts and features a corporate guaranty from AutoZone, Inc, the parent company. There are eight years remaining on the lease with four 5-year options and 10% rent increases every 5 years. The next rental increase is due in just three years and there is no FROR!

FOR SALE DETAILS

PRICE

$2,005,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

6200

APN/PARCEL ID

30-7902-000-0095

ASK ABOUT THIS PROPERTY

Sam NasrallahCharles Wayne Properties, Inc.More Info
321-427-5437

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Sam NasrallahCharles Wayne Properties, Inc.More Info
321-427-5437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.