American Car Center

$ 2,700,000

Overview

Price
$ 2,700,000
Type
NNN Investment
Sold
No
Contract
Sale
Status
For Sale
Location
Plantation

Description

720 N State Road 7

Address:

720 N. State Road 7
Plantation, FL 33317

 

Building Size:  2,753 SF/34,446 SF Lot

RJ Realty, as the exclusive marketing agent, is pleased to present to Investors the opportunity to purchase a unique Absolutely Triple Net leased car dealership. The property is located the main Auto districts of Broward County, FL. The Tenant American Car Center with over 55 locations in the Southwest United States, just signed a new 10 year lease with 3% annual increase with 2-5 year options. This is truly a one-of-a-kind property in a one-of-a-kind location. The Cap Rate is 6.11%.

Highlights

  • Currently leased by American Car Center (Commencement Date 9/1/19) with 10-year term with 2-5 year options and 3% annual base rent increases. True NNN Lease-Fee Simple. No landlord responsibilities. Corporate guarantee.
  • Over 200′ of frontage on State Road 7.
  • Strong Traffic Counts – 45,500+/- VPD
  • Real Estate Taxes:  $12,995.87

 

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