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.