Financial Summary
| Asking Price | $4,271,000 |
| Cap Rate | 4.75% |
| Net Operating Income (NOI) | $202,861 |
| Lease Type | NNN |
| Lease Term Remaining | 16 Years (New 15-Year Term Starts in 2020) |
| Increases | 10% Every 5 Years |
Highlights
- New 16-year corporate lease
- Strong store sales
- Established location; 54,000 VPD pass the site
- Outparcel to Pembroke Lakes Mall
- Major retail corridor surrounded by significant residential
- Easy access to I-75
- Located in close proximity to the Pines City Center development (80-acre mixed-use village)
Net Lease Advisor
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Location
11429 Pines Boulevard
Pembroke Pines, FL
