1505 N State Road 7 - Veterinarian/Kennel FOR SALE


Margate, FL 33063- Margate Gardens
$1,050,000 USD
305-505-0489
1505 N State Road 7, Margate, FL for Sale
$1,050,000 USD
Veterinarian/Kennel - FOR SALE
1/4
null | Request Cap Rate

1505 N State Road 7
Margate, FL 33063
Margate Gardens


HIGHLIGHTS

  • LEASE $6,000 / MONTHLY
  • NNN-10 YEARS TERM w/ ROI 6.8%
  • SALE LEASEBACK

OVERVIEW

This free-standing building, currently owned and operated by an established veterinarian, is being offered for sale as part of a sale-leaseback arrangement. The owner intends to lease the property back for ten years on a triple-net basis, which entails the tenant paying all expenses real estate taxes, water, trash, and electricity. The new owner is responsible for the outside of the building, the roof, A/C, etc. This property offers the new owner a management-free investment experience, avoiding management fees and headaches. The property is strategically situated in a prominent commercial area in Margate, North Fort Lauderdale, presenting substantial potential for appreciation and significant tax advantages associated with owning income-generating real estate.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,470 SF

ZONING

B-3

APN/PARCEL ID

48-41-25-03-2154

ASK ABOUT THIS PROPERTY

Orlando AbellaCompassMore Info
305-505-0489

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Orlando AbellaCompassMore Info
305-505-0489

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