Farm Stores – NNN / Miami, FL
- Price: US $675,000
- Property Type: Free Standing (1 Tenant)
- Occupancy: 100%
- CAP: 6.4%
- Building Area: 788SF = 73m2
- Lot: 10,650SF = 989m2
- NOI: US $40,800 / annual
- Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
- Contract Terms: 19 + years remaining on contract (Expiring October 31, 2037)
- Increases: 2% annual increases
- Extensions: 1 – 5 years options.
- Guarantor: Corporate Guarantee – Farm Stores has been around for nearly 60 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 is aproximaly 70 stores throughout Florida.
- Extra: Newly Renovated Building. Farm Store has been the tenant of this property since 1966, serving as
- a very strong indication of the tenant’s success.
- Location: Store is strategicaly located and well positioned on Colonial Drive, just west of US.Highway 1 in
- Miami, Florida.