A10558674

Remarks: This Winn Dixie Grocery Store is sold as a standalone store with potential Outparcel, NN. In April 2018 lease was renewed with mutually beneficial terms to Landlord and Tenant. This Winn Dixie store has had substantial Tenant renovations to add a Liquor Store. The Vehicle count 32,500 per day. Recent Lease extension of 5 Years with 4 additional 5-year options. Newley resurfaced Parking Lot, extensive Roof renovation. 20 Year Historical Occupancy and Recent Lease Extension. Current NOI of $393,507 until 12/28/2023, 6% CAP Rate. On or before December 29, 2023, NOI will increase to $532,984 with a CAP Rate of 8.06 %. Above Average Store with Healthy Rent-to-Sales Ratio. This Location Serves Wine, Beer, and Liquor and Features a Pharmacy.
Driving Directions: from Highway 41 to Pine Island Road that turns into Bayshore Road
Broker Remarks: Recent Lease extension of 5 Years. Newley resurfaced Parking Lot, extensive Roof renovation. 20 Year Historical Occupancy and Recent Lease Extension. Above Average Store with Healthy Rent-to-Sales Ratio. This Location Serves Wine, Beer, and Liquor and Features a Pharmacy. Call Listing Broker for additional Offering Memorandum after receipt of a CA.

 

 

 

Buyers agent: Anthony Giuffrida. Buyers Agent Office: La Rosa Realty. List Office: A-Miami Association of REALTORS. Buyers Agent e-mail: info@floridagolfcoursesforsale.com