$6,300,000 - Retail - Single Tenant
Investment Offering & Highlights
- Recently extended 10 year NNN lease
- Absolute net lease with zero landlord responsibilities
- Fixed rental increases every 3 years during extension
- 20 year operating history at subject location
- Large lot size with 338 on-site parking spaces
- Total population of 30,219 with an average household income of approximately $121,281 within 3 miles of the property
- Traffic counts of 44,579 vehicles per day via Airline Highway and in excess of 84,979 vehicles per day via Interstate 10
Property Description
Established free-standing absolute NNN Winn-Dixie with 10 years remaining on the lease and 5% rent increases. The property is well located on the corner of Airline Highway & Perkins Road, with over 44,000 vehicles per day. The surrounding area has strong demographics with a population of 30,219 with a average household income of $121,281.