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Triple Net Lease Building

 

Triple Net Lease Building

31,677 SF | Net Leased to Charter School
Lauderhill, Broward County, Florida

 

Principals – Click to Download Confidentiality Agreement

(To obtain an offering memorandum and detailed property information, please download, execute and return Confidentiality Agreement to us)

 

Brokers – Click to Download Registration Agreement

 

CapasGroup Realty Advisors, as exclusive marketing agent, offers an exciting single-tenant, triple-net lease building in central Broward County, Florida.  The property has been leased to the Rise Academy Charter School since August 2009.  In 2014, the tenant subleased the property to Eagle’s Nest Community Charter School who now occupies the entire building.  The property is conveniently located proximate to highways and other major traffic arteries.  The building represents an excellent opportunity for an investor to achieve an above-average yield for a high-quality, well located building.

OFFERING TERMS

  • Offering Price = $4,100,000
  • Terms = Cash to Seller

PROPERTY DETAILS

  • 31,677+ square feet
  • 100% air-conditioned
  • Office/Flex building with interior configured for education use
  • Concrete structure built in 1988
  • Roof replaced in 2013
  • Building and grounds are in excellent physical condition
  • Building is located in an established business park off State Road 7, just north of Sunrise Boulevard
  • Conveniently located two miles east of the Florida Turnpike and three miles west of Interstate 95

INVESTMENT DRIVERS

  • Single-tenant, triple net lease building with long-term tenant in good standing.
  • The current lease expires in 2019.  Tenant has one, five-year renewal option with annual rent escalations.
  • Publicly-funded charter schools are gaining in popularity among net lease investors due to their revenue stability.
  • The building can be easily reverted back to office or flex use if the school tenant ever vacates.

PROPERTY INSPECTIONS

  • Since the property is occupied by a school with children present, interested parties are not authorized to enter the premises without being accompanied by a representative of CapasGroup Realty Advisors.

USEFUL LINKS

 

Download Listing Brochure

 

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