1927 SW 1st Ave - Auto Repair FOR SALE


Fort Lauderdale, FL 33315- Poinciana Park
$2,300,000 USD
954-494-3091
1927 SW 1st Ave, Fort Lauderdale, FL for Sale
$2,300,000 USD
Auto Repair - FOR SALE
1/2
null | 5.2% Cap Rate

1927 SW 1st Ave
Fort Lauderdale, FL 33315
Poinciana Park


HIGHLIGHTS

  • Long term NNN Lease with credit NASDAQ Listed tenant
  • Steady recession proof business
  • Minimal landlord responsibilities
  • Initial lease term expires in August 2035; 3 additional renewal options of 5 years each

OVERVIEW

Prime Investment Opportunity- stable long term NNN lease with credit tenant. Classic Collision is a nationwide chain of over 300 collision centers owned by TPG ( NASDAQ): TPG) a global alternative asset manager with over $222 billion in managed assets. Current lease expires in August of 2035 with Three (3) additional Five ( 5) year options to renew. Minimal landlord responsibilities. Prime location in SE Fort Lauderdale. Annual Net Operating Income of $119,700 with a Cap rate of 5.2 %

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Classic Collision Center-Long term NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,281 SF

ZONING

SRAC-

APN/PARCEL ID

50-42-15-10-4470,50-42-15-10-4480

ASK ABOUT THIS PROPERTY

Steve HyattBerger Commercial Realty CorpMore Info
954-494-3091

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Steve HyattBerger Commercial Realty CorpMore Info
954-494-3091

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