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Land For Sale • 0.67 AC
AA-rated municipal net lease. City of Oakland Park 100% leased the 0.67-ac B-3 site under a 5-yr term thru 2030. The tenant has three 2-yr options (thru 2036), 4% annual escalations, NN+ economics, tenant pays all taxes above the 2024 base year. -Credit Tenant: The City of Oakland Park carries an 'AA' credit rating from S&P Global Ratings, stronger than Walgreens, CVS, Dollar General, etc. -Underlying Real Estate Value: The site sits in one of South Florida's most supply-constrained B-3 industrial corridors (3-4% vacancy; rents 20-30% below adjacent Fort Lauderdale). -Operational Stickiness: The site is operationally integrated with the City of Oakland Park's Public Works campus immediately south at 5100 NE 12th Terrace. -Built-Out Submarket: Oakland Park's B-3 industrial corridor is fully built out with no known industrial land available to tenants.
| Investment-Grade Government Tenant- (AA Rated), stronger than many major corp NNN tenants |
| Landlord-friendly economics and ease of ownership |
| Tenant is responsible for all expenses, other than $11,093 of 2024 base year property taxes. |
| Above average rent growth |
| Few industrial land sites remain in the submarket |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 5 min | - | 1.9 mi |
| Fort Lauderdale (Mainline - Brightline) | 13 min | - | 5.9 mi |
| Airport | Drive | Walk | Distance |
| Fort Lauderdale/Hollywood International | 20 min | - | 12.1 mi |
| Miami International | 56 min | - | 37.3 mi |
Andrew Rosenberg
Upside Partners
Andrew Rosenberg
Upside Partners
