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.
Badcock Home Furniture & More
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
Financing By
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
Financing By
