4151 Turtle Creek Dr - Freestanding FOR SALE


Coral Springs, FL 33067- Turtle Run
$6,900,000 USD
561-346-6106
4151 Turtle Creek Dr, Coral Springs, FL for Sale
$6,900,000 USD
Freestanding - FOR SALE
1/4
null | 5.95% Cap Rate

4151 Turtle Creek Dr
Coral Springs, FL 33067
Turtle Run


OVERVIEW

This NNN lease has a Corporate Guaranty. PETSMART has occupied this location since 2005 and showing its commitment to the location, PETSMART recently exercised the second 5-year option extension. The initial lease term was 15-years with three 5-year options. Now, with the extension of the first two option periods, the current lease expires January 31, 2031. There is one additional (five year) option to renew with a rent increase. PETSMART had a new roof installed in 2020 with a 20-year Warranty. PROPERTY LOCATION OFFERS EXCELLENT FUTURE REDEVELOPMENT OPPORTUNITIES WHILE OWNER RECEIVES FULLY NET HIGH RETURN ON INVESTMENT.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

PETSMART

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

7.28 AC

LAND SF

317,117 SF

ZONING

SU

APN/PARCEL ID

48-41-13-01-2554

ASK ABOUT THIS PROPERTY

Diane JenkinsJenkins Realty, Inc.More Info
561-346-6106

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Diane JenkinsJenkins Realty, Inc.More Info
561-346-6106

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