NNN – Miami, Florida
- Price: US $615,000
- Property Type: Free Standing (1 Tenant)
- Occupancy: 100%
- CAP: 100%
- Building Area: 729SF = 70m2
- Lot: 17 AC = 7,405SF = 720m2
- NOI: US $36,934 / annual
- Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
- Contract Terms: NEW 20 years (Same location since 1961 / Remodeled 2016)
- Increases: 2% annual increases
- Extensions: 1 – 5 years options.
- Guarantor: Corporate Guarantee – Farm Stores has been around since 1935 years and is a combination of grocery store, bakery and restaurant. They provide a quick and easy way to pickup items that you need every day. There are approximately 70 stores throughout Florida and expanding to 5 new states (East Coast).
- Extra: Newly Renovated Building. Farm Store has been the tenant of this property since 1961, serving as a very strong indication of the tenant’s success.
- Extra II: Bank of America ATM pays good part of rent. (Sales/Rent Ratio extremely low)
- Location: Store is strategically located in the Heart of Hialeah, more than 230,000 on a 3 miles radius.