6706 Forest Hill Blvd, Greenacres, FL
Retail for Sale - $3,180,000 - 4,840 Sq. Ft. on 40351 acres
Property Info
| CIMLS# | 463824 |
| Location 6706 Forest Hill Blvd Greenacres FL 33413 | |
| Updated | August 27th, 2013 |
| Type | Retail |
| Price | $3,180,000 |
| Building | 4,840 Sq. Ft. |
| Land | 40351 acres |
Property Description
Back on the market. Long term lease with annual increases. The parent company has 136+ locations throughout New York, New Jersey, Georgia and Florida. Over the next year, the tenant is contracted to spend $300,000-$400,000 in tenant improvements.
Location Description:
This 4,840 SF free standing building is an outparcel to the Riverbridge Centre, which is anchored by Publix, Walgreens, Chase, Regions and SunTrust bank. Riverbridge Centre is also home to Southeastern College with an average of 1,500 enrolled students. This property is across the street from a Walmart Supercenter and down the road from the Mall at Wellington Green, a super regional mall. Greenacres is a submarket of West Palm Beach and Wellington, the equestrian and polo capital of the nation. This is a high residential area with a traffic count of 40,000+ cars per day.
Highlights:
>> Long Term NNN Lease
Financials
Sales Info:
>> Cap rate: 6.0%
>> NOI: $190793
