Department Store
Badcock Home Furniture & More
594 US Hwy 27, Lake Placid, FL 33852
Listing Price: $3,067,000
Cap Rate
6.75%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
20,346
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.17
Investment Overview
Marcus & Millichap is pleased to present the Badcock in Lake Placid, 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
- Adjacent to Publix and Bealls Outlet Anchored Center
- Average HH Income Exceeds $65,000 in a 5-Mile Radius
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,067,000
Cap Rate
6.75%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
20,346
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.17
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
- Adjacent to Publix and Bealls Outlet Anchored Center
- Average HH Income Exceeds $65,000 in a 5-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present the Badcock in Lake Placid, FL.
Exclusively Listed By
Broker of Record
Financing By
