Property Details

Platinum Auto Finance

Clearwater, FL
Property ID: 4454

Financial Summary

Asking Price $1,158,500
Cap Rate 7.25%
Net Operating Income (NOI) $84,000
Lease Type NNN
Lease Term Remaining 10 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

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Highlights

  • True NNN leased Florida asset
  • Great Clearwater location with below market rents
  • Brand new 10 year lease with four (4), five (5) year options
  • 10% increases every 5 years
  • Strong established tenant in the auto finance industry
  • Site to serve as new corporate HQ
  • Completely remodeled bank building
  • Dense population of over 113K people with average HH income of $57,454 within 3 miles

Location

25 N Main Ave
Clearwater, FL

Traci BidingerPlatinum Auto Finance