2540 Commercial Dr - Freestanding FOR SALE


Starke, FL 32091
$2,300,000 USD
332-345-4384
2540 Commercial Dr, Starke, FL for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/2
null | 5.04% Cap Rate

2540 Commercial Dr
Starke, FL 32091


HIGHLIGHTS

  • High Traffic Location on Signalized Corner and Strong Visibility
  • 6.6 Years Remaining on Lease with Three (3) - Five (5) Year Options
  • Corporate Guarantee - Investment Grade Credit Tenant (S&P: BBB, Fitch: BBB+)

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a T-Mobile located at 2540 Commercial Drive, Starke, FL 32091 . The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.72-acre parcel of land. This T-Mobile is subject to a 10-year Double Net (NN) lease, which commenced 12/1/2021. The current annual rent is $115,830 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$852 USD /SF

CAP RATE

5.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

B3

APN/PARCEL ID

04708-0-00202

ASK ABOUT THIS PROPERTY

Hannan Ben YosefNNN Pro GroupMore Info
332-345-4384

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Hannan Ben YosefNNN Pro GroupMore Info
332-345-4384

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