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Department Store

Badcock Home Furniture & More

521 Hughes Rd, Auburndale (Lakeland MSA), FL 33823

Listing Price: $4,074,000

Cap Rate
6.75%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
18,277
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.05

Investment Overview

Marcus & Millichap is pleased to present the Badcock in Auburndale, FL.

Investment Highlights

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 2% Annual Rental Increases Beginning in Year 3
  • Strong Franchisee Guaranty with 17-Units
  • 93,000 Residents & 64,600 Employees within a 5-Mile Radius
  • 20 Minutes from Lakeland
  • Excellent Visibility Along State Highway 544 with 34, 500 Cars/Day

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Department Store

Badcock Home Furniture & More

Listing Price: $4,074,000

Cap Rate
6.75%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
18,277
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.05

Investment Highlights

  • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
  • 2% Annual Rental Increases Beginning in Year 3
  • Strong Franchisee Guaranty with 17-Units
  • 93,000 Residents & 64,600 Employees within a 5-Mile Radius
  • 20 Minutes from Lakeland
  • Excellent Visibility Along State Highway 544 with 34, 500 Cars/Day

Investment Overview

Marcus & Millichap is pleased to present the Badcock in Auburndale, FL.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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