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Town Star

6600 W Midway Rd, Fort Pierce, FL 34981

Listing Price: $2,797,974

Cap Rate
6.00%
Tenant Name
Florida Convenience Stores, LLC
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
3,468
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.41

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Town Star located at 6600 W. Midway Road in Fort Pierce, FL. The site consists of roughly 3,468 rentable square feet of building space on estimated 0.68-acre parcel of land. This Town Star is subject to a 20-year absolute triple-net (NNN) lease with no landlord responsibilities. The current annual rent is $167,878 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 6, 5-year renewal options.

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • More Than 13 Years Remaining
  • 1.50% Annual Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

Town Star

Listing Price: $2,797,974

Cap Rate
6.00%
Tenant Name
Florida Convenience Stores, LLC
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
3,468
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.41

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • More Than 13 Years Remaining
  • 1.50% Annual Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Town Star located at 6600 W. Midway Road in Fort Pierce, FL. The site consists of roughly 3,468 rentable square feet of building space on estimated 0.68-acre parcel of land. This Town Star is subject to a 20-year absolute triple-net (NNN) lease with no landlord responsibilities. The current annual rent is $167,878 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 6, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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