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Gelfand Realty Miami Properties - Retail

1101 NORTHEAST PRT MALABAR, PALM BAY, FL 32907

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Retail -

1101 NORTHEAST PRT MALABAR, PALM BAY, FL 32907

Date Sold 03-01-2018

Sold Price$1,826,858 Asking Price$1,857,306

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  • Living 7500sqft
  • Year Built 2017

  • Days on market:

    83 day(s)

  • Original Price:

    $1,857,306

  • Price per sqft:

    $247.64

  • Tax Legal Description:

    LLILO

  • Tax Year:

    2017

  • Property Type:

    Retail

Description

$1,857,306 • living size area 7500 sqft

Newly constructed dollar general store located in a quickly growing area of palm bay, florida. florida is a no state income tax state. dollar general has guaranteed a new 15-year nnn lease with four 5-year options with 10% increases. tenant is responsible for all expenses and maintenance at the property including taxes and insurance. dollar general corporately guarantees the lease and is an investment grade tenant with an s&p rating of bbb. this passive investment offers buyers a secure investment with no management responsibilities and rent is guaranteed by a stable, recession-proof tenant.

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