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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.

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

  • 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: $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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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