For more information on this property, contact By The Sea Realty at 954-351-7007 or rich@bythesearealty.com

245 S Military Trl
West Palm Beach, Florida FL 33415-3136
Sold For: $5,800,000
Listing ID A11139284
Listing Status Closed
Acres 1.816
Year Built 2002

Property Description:

Great true NNN opportunity CVS as Single Tenant with five plus (5+) years remaining on lease and four (4) option extension years in place ( each extension is five (5) years with rent increase). CAP rate 5.7% Location! Location! Location! Well positioned in a dominant retail corridor with Publix, Walmart Super center , Chase Bank, TD Bank, and 7 -Eleven within minutes. Population 320,000 in bustling commercial area.

Primary Features

County: Palm Beach County
Property Sub Type: Retail
Property Type: Commercial Sale
Year Built: 2002
Zoning: UC

Interior

Building Area Total: 12739

External

Lot Size Square Feet: 79097
Structure Type: Retail

Location

MLS Area Major: 4640
Postal City: West Palm Beach

Additional

Days On Market Replication: 61
Days On Market Replication Date: 2023-01-09T00:00:00+00:00
Possible Use: Investment
Tax Legal Description: GUN CLUB CENTER NO 1 TR 2 (LESS W 92.56 FT & NLY 174.59 FT)

Financial

Contingency: Pending Inspections
Lease Term: Renewal Option
Listing Terms: Cash, Conventional
Net Operating Income: 312000
Tax Annual Amount: 54734

Zoning Info


© 2024 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Information is deemed reliable but not guaranteed. Listing courtesy of Keller Williams Eagle Realty. Data last updated Thursday, March 28th, 2024 at 03:20:23 PM.

Contact

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By The Sea Realty

2400 E. Commercial Blvd. #708
Fort Lauderdale, FL 33308
Phone: 954-351-7007
Fax: 954-351-5005

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