Farm Stores – NNN / Miami, FL

  • Price: US $675,000
  • Property Type: Free Standing (1 Tenant)
  • Occupancy: 100%
  • CAP:     6.4%
  • Building Area: 788SF = 73m2
  • Lot: 10,650SF = 989m2
  • NOI: US $40,800 / annual
  • Annual Expenses:  0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
  • Contract Terms: 19 + years remaining on contract (Expiring October 31, 2037)
  • Increases: 2% annual increases
  • Extensions: 1 – 5  years options.
  • Guarantor: Corporate Guarantee – Farm Stores has been around for nearly 60 years and is a combination of
  • grocery store, bakery and restaurant. They provide a quick and easy way to pickup items that you
  • need every day. There is aproximaly 70 stores throughout Florida.
  • Extra: Newly Renovated Building. Farm Store has been the tenant of this property since 1966, serving as
  • a very strong indication of the tenant’s success.
  • Location: Store is strategicaly located and well positioned on Colonial Drive, just west of US.Highway 1 in
  • Miami, Florida.