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Gelfand Realty Miami Properties - Retail

7161 SE BABCOCK, PALM BAY, FL 32909

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Retail -

7161 SE BABCOCK, PALM BAY, FL 32909

Date Sold 04-05-2018

Sold Price$2,099,009 Asking Price$2,168,976

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  • Days on market:

    118 day(s)

  • Original Price:

    $2,168,976

  • Price per sqft:

    $238.35

  • Tax Legal Description:

    LLILO

  • Tax Year:

    2017

  • Property Type:

    Retail

Description

$2,168,976 • living size area 9100 sqft

Newly constructed dollar general store located in palm bay, florida. this property is located along a main road with great visibility at a lighted intersection. 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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