It is a new single-storey freestanding supermarket investments in one of the seaside towns of Florida.
The total floor area of 852 m².
The plot of 5,544 m².
The property was constructed in 2015 and is in excellent overall condition.
Supermarket is fully leased out to a major tenant.
Absolute income is 150,120 $.
The current yield of 6%.
The anchor tenant is one of the fastest growing US grocery chains, acting in 46 states.
The company operates more than 8,000 stores and its revenues exceed $10 billion.
The lease on the Triple Net Lease type concluded for 15 years until 2030 with options to extend it for 6x5 years. The rate is indexed at 10% after 10 years of lease, as well as for each extension.
NNN lease contract is signed for 15 years until 2030 with extension options for 6x5 years. 10% rental rate indexation is scheduled for 11th year of the lease and during each renewal option.
All operating costs are borne by the tenant.
The property is situated next to the road with daily traffic of more than 24,000 vehicles. The road in connected with interstate highway.
There are office buildings, large industrial area and a huge multifamily complex in close proxinity.
The district around the supermarket is densely populated, there are more than 113,000 people in 5 km radius. The purchasing power of 58,000 $.