Trinity Petroleum | 21yrs Remain Abs NNN
600 SF | Retail Building | Opa Locka, FL 33056 | $4,769,000 ($7,948/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,769,000
- Property Type
-
Retail
- Square Feet
- 600 SF
- Price / Square Foot
- $7,948
Listing Contacts
Patrick Nutt
Verified Profile
Matthew Mousavi
Verified Profile
Patrick Luther
Verified Profile
- Property Info
Property Overview
• The tenant has 21 years remaining on their original 23-year lease
• 2% annual rental increases throughout the initial term and CPI annual increases throughout options to extend, increasing NOI and hedging against inflation
• The lease is guaranteed by Trinity Petro LLC
• The lease includes 2 (10-year) options to extend, demonstrating their long-term commitment to the site
• 2% annual rental increases throughout the initial term and CPI annual increases throughout options to extend, increasing NOI and hedging against inflation
• The lease is guaranteed by Trinity Petro LLC
• The lease includes 2 (10-year) options to extend, demonstrating their long-term commitment to the site
Property Details
- Class
- C
- Year Built
- 1986
- Stories
- 1
- Property Subtype
- Service, Freestanding
- Lot Size (sq. ft)
- 18,731 SF
Highlights
- 21 Years Remaining | Annual Rental Increases | Guarantor: Trinity Petro LLC | Options To Extend
- Absolute NNN Lease | Accelerated Depreciation | Zero Landlord Responsibilities | No State Income Tax
- Signalized, Hard Corner Intersection | Palmetto Expressway | St. Thomas University | Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area | High Density
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