13899 W Okeechobee Rd - Service Station FOR SALE
Hialeah, FL 33018 |
13899 W Okeechobee Rd
Hialeah, FL 33018
HIGHLIGHTS
- 17 Years Remaining on an Absolute Triple Net (NNN) Lease Providing For No Landlord Responsibility
- 2.5% Rent Increase Annually, Providing For a Strong Hedge Against Inflation
- Nearly 1 Million Residents Within a 10-mile Radius, Positioning the Property to Benefit From Both Dense Residential Demand and Commuter Volume
- Traffic Count Per Day Exceeds 28,000 and Property is Situated on a Road With Excellent Visibility and Accessibility
- Blended CAP Rate of 9.33% Over the Remainder of the Primary Lease Term, Presenting an Excellent Balance of Yield and Stability
- Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Citgo Truck Stop - Miami, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
8755
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
27-2030-015-0120
