Skip to main content

Miscellaneous

American Freight

6588 N Military Trl, West Palm Beach, FL 33407

Listing Price: $1,700,000

Cap Rate
7.49%
Tenant Name
American Freight
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
19,271
Lease Type
Absolute Net
Rent Per Square Feet
$6.61

Investment Overview

Marcus & Millichap is pleased to present 6588 North Military Trail, a 19,270 square-foot building solely occupied by American Freight Furniture, Mattress and Appliances. 6588 North Military Trail is situated on 1.39 Acres in the heart of Palm Beach County less than half a mile from Rapids Water Park and West Palm Beach VA Medical Center. The property has tremendous visibility and daily traffic counts exceed 33,000 vehicles per day. American Freight has successfully operated in this high-volume location since 2014 on an absolute triple net lease with one percent annual rent increases. There is approximate 3.5 years remaining on the original term with 2–5 year options. American Freight is part of The Franchise Group, a publicly traded ( NASDAQ: FRG) retail conglomerate with over 1,800 locations across North America operating under banners such as American Freight ( 300+ locations), Pet Supplies Plus ( 300+ locations), The Vitamin Shoppe ( 750+ locations) and Buddy’s Home Furnishings ( 300+ locations) and has a market cap in excess of $1.4 BILLION Dollars. The American Freight Building offers an investor the opportunity to acquire an absolute triple net asset with no management responsibility whatsoever, from a nationally recognized tenant paying significantly below market rent, low cost per square foot acquisition cost and a very attractive 7.5 percent cap rate.

Investment Highlights

  • Absolute Triple Net Lease
  • One Percent Annual Rent Increases
  • High Profile Palm Beach County Location

Exclusively Listed By

Listing Price: $1,700,000

Cap Rate
7.49%
Tenant Name
American Freight
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
19,271
Lease Type
Absolute Net
Rent Per Square Feet
$6.61

Investment Highlights

  • Absolute Triple Net Lease
  • One Percent Annual Rent Increases
  • High Profile Palm Beach County Location

Investment Overview

Marcus & Millichap is pleased to present 6588 North Military Trail, a 19,270 square-foot building solely occupied by American Freight Furniture, Mattress and Appliances. 6588 North Military Trail is situated on 1.39 Acres in the heart of Palm Beach County less than half a mile from Rapids Water Park and West Palm Beach VA Medical Center. The property has tremendous visibility and daily traffic counts exceed 33,000 vehicles per day. American Freight has successfully operated in this high-volume location since 2014 on an absolute triple net lease with one percent annual rent increases. There is approximate 3.5 years remaining on the original term with 2–5 year options. American Freight is part of The Franchise Group, a publicly traded ( NASDAQ: FRG) retail conglomerate with over 1,800 locations across North America operating under banners such as American Freight ( 300+ locations), Pet Supplies Plus ( 300+ locations), The Vitamin Shoppe ( 750+ locations) and Buddy’s Home Furnishings ( 300+ locations) and has a market cap in excess of $1.4 BILLION Dollars. The American Freight Building offers an investor the opportunity to acquire an absolute triple net asset with no management responsibility whatsoever, from a nationally recognized tenant paying significantly below market rent, low cost per square foot acquisition cost and a very attractive 7.5 percent cap rate.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower