$ 2,180,000
-
$2,180,000
Price -
0.67
Acre
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About the Listing SEFUPSD01 - SEF3265390
Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ‘AA’. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the City’s AA credit —stronger than the vast majority of corporate net-lease tenants,including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and onpar with select cities like New York, Miami and Dallas; and (2) theunderlying real estate — a 29,175 SF B-3 commercial-industrial parcelin one of South Florida’s most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.
Listing Highlights for 5299 NE 12th Ave
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: B-3
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $11,997
- Taxes w/Assessments: N/A
- Tax/Property ID: 494214200100
- Tax Year: N/A
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Monthly Payment
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Listing Location
Questions About..
5299 NE 12th Ave Oakland Park, FL 33334
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