THE SELLER WILL ACCEPT A DISCOUNT FOR CASH. A SUPER GAS STATION LOCATION WITH A TENANT IN PLACE THAT WILL SIGN A 20-YEAR NNN LEASE AT COE, 9%+ PLUS LEASE BUMPS
The $405,000 net operating income is stated just below the address. At $4.5 million with the NOI at $405,000, this is a 9% cap rate. The extra value to the investor when there is a NNN lease in place would increase the current 9% to at least 10% when you factor in all costs such as maintenance, property taxes, and any insurance costs that are all paid by the tenant.
The lease will be provided with formal due diligence directly from the seller. .
Per the seller, who, as we speak, has a verbal proposal (with a lender loan for 60 calendar days) from a buyer that the seller is reviewing. The seller would be open to a a discounted price for cash at 30 calendar days or less. The price that the seller is open to would be about a 10% cap rate. That 10% is considerably higher, into the mid-11%'s, when you consider that the NNN lease is in place and will be for at least 20 years.
The purchase price THE SELLER IS VERY FIRM AT $4,500,000, plus buyer paid 5% of the COMMISSION
715 OPA LOCKA BOULEVARD, MIAMI, FL 33168
