Department Store
Badcock Home Furniture & More
512 NW Park St, Okeechobee (Port St. Lucie MSA), FL 34972
Listing Price: $2,661,000
Cap Rate
6.77%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,386
Lease Type
Tenant at Will
Rent Per Square Feet
$17.29
Investment Overview
Marcus & Millichap is pleased to present the Badcock in Okeechobee, 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
- Excellent Access and Visibility Along U.S. Highway 441 with 28,000 Cars/Day
- Average HH Income Exceeds $69,000 in a 5-Mile Radius
- Over 25,500 Residents and 11,000 Employees in a 5-Mile Radius
Exclusively Listed By
Broker of Record
Financing By
Department Store
Badcock Home Furniture & More
Listing Price: $2,661,000
Cap Rate
6.77%
Tenant Name
Badcock
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,386
Lease Type
Tenant at Will
Rent Per Square Feet
$17.29
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
- Excellent Access and Visibility Along U.S. Highway 441 with 28,000 Cars/Day
- Average HH Income Exceeds $69,000 in a 5-Mile Radius
- Over 25,500 Residents and 11,000 Employees in a 5-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present the Badcock in Okeechobee, FL.
Exclusively Listed By
Broker of Record
Financing By
