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This busy center has plenty of parking and is located on a prominent corner of Lake Park across from the new fire station. Package includes a liquor store business with a 4-COP liquor license plus a lounge and equipment!
Two-story office/retail building. Three section building with approximately 1,566 SF on the second floor. Zoned for retail and office. Ideal owner/user property. Building in shell condition.
Capital Commercial is pleased to exclusively list this 7-Eleven in Palm Beach, Florida. Located on Federal Highway in Lake Park, Palm Beach Florida this (Primly Located) 0.60 acre parcel is 2,998 square feet. The lease is Absolute NNN to 7-Eleven Corporation. 7-Eleven has operated this "high grossing" gas and convenience store at this site since 1997. Running through July 1st, 2025, there are over ten years left of corporate guaranteed lease term. There is a built in and guaranteed 11% (eleven) increase beginning on July 1, 2020. Beginning in 2025 7-Eleven has two renewal options of five (5) years, each with guaranteed 10% (ten) rent increases. This cash flowing asset is being offered at a 5.75% cap and is deliverable clear and free of any debt. The guaranteed rent increase of 11% in Five years brings the NOI to 233,316.00 and is further enhanced by tax benefits including, NO State Tax, and accelerated depreciation.
Absolute Triple-Net: No Landlord Responsibilities Corporate Guaranty from TBC Corp Average Household Income of Over $80,000 in the Market Area Annual Increases In Rent Attractive Palm Beach County Location
INSTITUTIONAL QUALITY! We are pleased to offer to qualified investors a rare opportunity to purchase an absolute NNN ground lease to Chick Fil A within a dense and established retail trade district in Lake Park, which is located in the heart of Palm Beach county on the east side of the I-95. There are approximately 12 years remaining on an original 20 year lease term with 5-5 year options. The lease provides for 12% rental escalations every 5 years, including all option periods. The next increase will occur on June 1st, 2016, offering an investor with near-term upside in rental income. The property enjoys excellent street visibility and access, and generates above average store sales (4.7M - 5M per annum).
Currently operating freestanding 3,144 sf and 783 sf outside patio restaurant located in Northern Palm Beach County, Florida. The building and all equipment and decorations are included in this offering. The name is not included. This is the sale of the real property and all furntiure, fixtures and equipment. built in 1966 above average condition. 10 parking spaces in front of main entrance and 4 along the north side and 10 in the rear. In addition, there is a recorded easement agreement that provides for evening parking for additional 10 spaces with the property to the north. There is an agreement with another property to the north for an additional 20 spaces in exchange for the owner's payment of the trash costs for that business. The employees park across the street in the shopping center lot as per a verbal agreement. Also, the property to the south allows for nighttime parking through a verbal agreement.
Almost entire block for sale on busy Park Avenue in Lake Park. Tenant mix includes very popular and growing brew house with entertainment, mobile phone store, chiropractor office - vacant spaces include theatre build out and dance studio. On tax rolls at assessed value of 1.79 - must see to appreciate value. Adjacent building 748 Park Avenue also for sale at $650,000 update 2 story with elevator. DO NOT DISTURB TENANTS. Call Broker, Rebel Cook, for confidentiality.
Updated renovated 2 story retail/office building with elevator on busy Park Avenue in Lake Park. 100% occupied - may be bought with adjacent 23,760 sq.ft. retail center for sale at asking price of 1.5 million. Do not disturb tenants - call Rebel Cook, Broker, for confidentiality form.