NN (Double NET) West Marine – Isla Morada, FL

  • 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.