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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.

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

  • 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: $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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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