Shopping Centre in the State of Florida for Sale, Lease Agreements End 2023-2034
Property type: shopping centre
Purchase of established rental business
Number of building: 3
Location: the state of Florida, USA
• property is located in a city with a population over 100,000
Total building size: ca. 13,200 m2
Car parking facilities: parking lot
Occupancy: 100%
Tenants: warehouse club chain, sporting goods store, automotive service centre
Lease Agreements end: 2023-2034 (+ 5-year renewal options)
Possibility of renewal: YES
Rent Review: YES
Double net lease (NN lease):
• tenants are responsible for almost all operating expenses (including land tax, building insurance, minor repairs, etc.), except for total building renovation
• the owner is responsible ONLY in the case of a potential renovation of the entire building
Purchase price: 29,500,000 USD
(+ closing costs)
Rental Income: 1,788,200 USD per annum
(+ indexation linked to inflation)
Cap Rate: 6.1%
