NN (Double NET) West Marine – Isla Morada, FL
![](https://brunoschenone.com/wp-content/uploads/2019/05/West-Marine-Adapted-1024x640.jpg)
- Price: US $ 4,772,414
- Property Type: Free standing
- Occupancy: 100%
- CAP: 7.25%
- Building Area: approx. 10,000 SF = 929 m²
- Lot: approx. 30,051 SF = 2,792 m²
- NOI: US 346,000
- Annual Expenses: Limited Liability) Landlord responsible for roof and structure & sprinkle system -15-Year Roof Warranty is in-place up until 12/28/2032Tenant responsible for all expenses including property tax, insurance and maintenance
- Contract Terms: 9 years left.
- Increases: 10% Rental Increase in 2023 and at Each Option.
- Extensions: two- 5 years’ options
- Guarantor: Parent Company is a Private Equity Firm with Over $1.5B of Committed Capital with an Additional $1 Billion in Available Capital to Invest.
- Location: Irreplaceable Location Surrounded by Resorts, Residential Communities and a Majority of Retail Tenants Servicing the Middle keys. 2M+ Annual Visitors. Along Area’s Major Retail & Traffic Corridor: Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 20k+ Vehicles.