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 Citys 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 Floridas most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.
Listed By
Agency Name: Upside Partner, LLC.
Agency Phone: 305-968-8932
Shown By
Agent Name: Donna Addison-Scott
Agent Phone: Cell: (954) 648-5940
Agency Title: Realty 100
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5299 NE 12th Ave | MLS# A12072664
This commercial property located at 5299 NE 12th Ave , Oakland Park, FL 33334 is currently listed for sale with an asking price of $2,180,000. Search Oakland Park real estate on daddison-scott.realty100.com today.