• All Units Feature Washer and Dryer Connections, a Patio or Balcony, and Walk-In Closets• Diverse Mix of Spacious Two, Three, and Four Bedroom Apartments• On Site Amenities Include A Full-Size Swimming Pool, Fitness Center, Laundry Facility, and a Playground• Value Add Opportunity Available Through Expense Control and Management Efficiency• Located Within 20 Miles of Disney, Universal Studios, and SeaWorld
The Park at Vittoria (FKA Waterstone) is a 208 unit Apartment Community located in Orlando, FL which is in Orange County. There are 33-two story buildings spread across approximately 16.37 acres of land. The buildings were constructed in 1991 with wood framing and pitched roofs. The unit mix at the property consists of 72 - 2Bdr/1.5Bath (1,175 Sq Ft), 120-3Bdr/2Bath (1,260-1427 Sq Ft), and 16-4Bdr/2.5Bath (1,677 Sq Ft) units. Each unit comes with washer and dryer connections, patio/balcony areas, and spacious walk in closets; and residents will enjoy the centralized heating and air package. The attractive community amenity package includes a swimming pool, health and fitness center, laundry facility, children's play area, and a full basketball court. Waterstone is an opportunity to invest in a large property that is in good condition located in Northwest Orlando. The property has an excellent mix of large two, three, and four bedroom units which demand higher rents and lead to strong gross potential income. Current rents are among the lowest in the market on a per square foot basis, but with continued improvement and renovations and strength returning to the overall economy, there should be opportunity to raise rents in the near future. Investors should understand that the property is currently operating with a higher than average expense load and there is significant potential to run the property more efficiently thus increasing the NOI.
300 Waddell St is a 28 unit apartment property that was vacated and has great upside through renovations. The property is located in the foothills of the Appalachian Mountains and is home to Berry College, Rome, GA. Berry College is the largest contiguous campus in the world, and the nation's #1 "Up-and-Coming" liberal arts college.
Waddell St presents a rare opportunity to acquire an REO asset a a very low basis that can be revitalized and stabilized through renovation.
54 out of 144 Units are Being Offered to Purchase
New Roof in 2005
New Rails and Impact Windows
Near Major Thoroughfares Such as US-1 and Florida's Turnpike
Just Minutes from Southland Mall, Target, Mercedes of Cutler Bay and Assurant Insurance Building
Strong Submarket Occupancy of 96%
Priced Substantially Below Replacement Cost
The Southwood Condominiums are located in Miami, Florida in Miami-Dade county. The building was constructed in 1966 of concrete block construction with a pitched wood roof and wall air conditioning. This investment opportunity includes 54 of the 144 total units of the property. The unit mix consists of 3 efficiencies of 486 sf, 15 one bed/ one bath units of 625 sf and 36 two bed/ one bath units of 779 sf.
Southwood Condominiums represents the opportunity to invest in a product with stable operations and predictable cash flow. This opportunity is priced substantially below replacement cost at $46,000/unit. Current occupancy is running about 98%. While other asset classes are struggling to recover from the economic downturn with high vacancy rates and low rents Multi-Family product proves to be the preferred investment vehicle.
626 Irwin St is a completely renovated 7 unit multifamily property on the cusp of the Old 4th Ward and the Inman Park Neighborhoods of Atlanta.
The property is made up of seven 2-Bedroom 1-Bath units with renovations that include granite counter tops, stainless steel appliances, hardwood floors, new bathrooms, and all new fixtures.
626 Irwin St is located in Inman Park and close to the Old 4th Ward neighborhood of Atlanta. Inman Park was established in the late 1880's and is known as Atlanta's First Suburb and one of the nation's first garden suburbs.
Currently, the area is a rapidly-growing neighborhood becoming more and more desirable. The area is home to new retail developments, The Atlanta Beltline, The Atlanta Railcar, Krog St. Market, parks and many annual events.
Franklin Street Real Estate Services is pleased to present a newly constructed Dollar Tree anchored retail center located in Quinlan, TX which is in the Dallas-Ft. Worth MSA.
The property is located on a hard corner directly across the street from a Wal-Mart Supercenter that serves a 15-mile radius area that includes several recreational lake communities.
Dollar Tree, The Cash Store and an ATT Franchisee fully occupy the new center. The property is located in the main retail corridor of Quinlan and is surrounded by O"Reilly Auto Parts, McDonald's, Autozone, Brookshire's, Pizza Hut and Taco Mayo to name a few.
The subject property provides an investor the opportunity to acquire a newly built, 100% leased shopping center at a signalized intersection across from regional Wal-Mart. All leases are reimiburse for CAM, taxes and insurance making this a truly passive investment.
Spring Hill, FL
Corporate Guaranteed Absolute NNN Lease Significant Remaining lease term (10 years)Upside with New Lease with U-HaulStrong Traffic Counts along US Highway 19 (42,911 AADT)Newer construction (2003)Scheduled rental increases every Five YearsGrowing trade area
Tuffy Auto Center has 10 years remaining on its initial NNN lease which commenced in September of 2004. The lease offers 8.8 percent rental increases every five years as well as in each of the two, five year options to renew. Under the lease, the tenant is responsible for all maintenance, repairs and expenses.
Joseph Lowery Apartments is a 52 unit value-add multifamily investment opportunity in west Atlanta.
Joseph Lowery apartments are made up of 52 Two-Bedroom One Bath Apartments. All of the units are individually metered for gas and electric. with the owner being responsible for water & sewer. The property is currently about 35% occupied and represents an opportunity for an owner to renovate individual units to maximize rent and cash flow. By completing interior renovations to units in addition to fencing in the site, it is expected that rents can be raised presenting double digit cash flow for a hands on investor.
Cape Coral, FL
Guaranty from largest Dunkin Donuts Franchisee in Florida3% rental increases each yearLandlord friendly lease structureNewer construction (2006)Large parcel (1 acre)Easily accessible from Del Prado and Pine Island
Dunkin Donuts has 2 years remaining on its initial NNN lease which commenced in February of 2011. The lease offers 3 percent rental increases every year as well as in each of the three, five year options to renew. Under the lease, the tenant is responsible for all the expenses as well as repairs and maintenance.
Fort Myers, FL
Corporate Guaranteed Absolute NNN LeaseSignificant Remaining lease term left (11 years)Scheduled rental increases every Five YearsSolid Traffic counts along Colonial Boulevard (63,000 AADT)Rental increases in 1.5 Years
Tuffy Auto Center has 11 years remaining on its initial NNN lease which commenced in November of 2005. The lease offers 8.8 percent rental increases every five years as well as in each of the two, five year options to renew. Under the lease, the tenant is responsible for all the expenses as well as any repairs and maintenance.
Saint Augustine, FL
Franklin Street Real Estate Services is pleased to present this newly constructed, freestanding Dollar General located on SR 207 & Dixie Highway in St. Augustine, Florida. St. Augustine, FL is locatd located just 41miles southeastof Jacksonville, FL. The property is located directly on SR 207 with 29,328 +/- AADT just 2 miles from historic, downtown St. Augustine which hosts approximately 6 million tourists each year. There property is surrounded by strong, national tenants including Target, Winn Dixie, Home Depot, Hobby Lobby, Publi, CVS, Michaels and Walmart. The location will benefit from the residential neighborhoods surrounding the property and the nearby schools and churches that will generate traffic. The property exterior is constructed with block and stucco.
Dollar General has signed a new 15-year NNN lease that will commence upon completion which is scheduled for August, 2014. Dollar General will be responsible for all maintenance, repairs, taxes and insurance for the premises.
This investment provides an investor the opportunity to acquire a passive investment with an investment grade tenant that is recession proof.
Various Cities, FL
Portfolio consisting of properties throughout Central and North Florida
-NNN Lease with Zero Landlord responsibilities-Recently exercised Five Year option (approximately 4+ years remaining)-High traffic intersection 57,500 +/- AADT (SR 54) & 21,569 AADT (Collier Pkwy)-Third largest quick service restaurant company in America-Newer store prototype and branding-Operated by strong multi-unit franchisee (28 stores)-Located in strong/growing retail trade area-Above average HH Income levels ($84,237) within a 3 mile radius
Franklin Street Real Estate Services is pleased to present this Arby's franchised NNN Lease located Lutz, Florida. This Triple Net Lease is located in Pasco County and its 475,502 residents contribute to the rapidly growing 2.7 million residents of the Tampa Bay Area.
Land O' Lakes, FL
Franklin Street Real Estate Services is pleased to present this Corporate Guaranteed Tuffy Auto Service Center, which is located in Land O Lakes, FL. This NNN Lease is located in Pasco County and its 464,697 residents contributes to the rapidly growing 2.7 million residents of the Tampa Bay Area.
Tuffy Auto Center has 15 years remaining on its initial NNN lease which commenced in May of 2009. The lease offers 8.8 percent rental increases every five years as well as in each of the two, five year options to renew. Under the lease, the tenant is responsible for all maintenance and expenses.
Forest Park, GA
Norstar Wingate is made up of 3 contiguous properties comprising 24 buildings that were built in 1964 and 1967 on a 9.74 acre site. Norstare Wingate is an excellent value-add opportunity with close proximity to the proposed redevelopment of Fort Gillem which is expected to bring 3,000 more jobs to the area over the short term.
Norstar Wingate is comprised of 3 contiguous properties making up 211 units of the portfolio. The leasing office is currently operated out of one unit, however, with minimal cleanup, one could reopen the previous leasing office which is located in the middle of the community. Property features include brick exteriors with pitched roofs and plenty of green space.
The Clermont Hotel is a historic Atlanta landmark building.
The subject property is a 122-room hotel with 69,312 SF that sits on 0.90 acres located at 789 Ponce de Leon Avenue in Atlanta, Fulton County, Georgia. The structure was built in 1940 and has had various renovations over the years. The subject has frontage on Ponce de Leon Avenue with secondary road frontage along Bonaventure Avenue NE. The ground floor is occupied by an adult lounge called The Clermont Lounge.
Cape Canaveral, FL
Franklin Street Real Estate Services is pleased to present this newly constructed, freestanding Dollar General located on Highway A1A, the main thoroughfare through Cape Canaveral, Florida. The property is located two miles from Port Canaveral which brings in over three million passengers annually with its cruise industry. The location will benefit from the dense residential neighborhoods surrounding the property and the nearby schools and churches that will generate traffic. The property exterior is constructed with block and stucco.
Dollar General has signed a new 15-year NNN lease that will commence upon completion which is scheduled for Summer 2014. Dollar General will be responsible for all maintenance, repairs, taxes and insurance for the premises. This investment provides an investor the opportunity to acquire a passive investment with an investment grade tenant that is recession proof.
Pinellas Park, FL
• 95% + Occupied Property that has Received Substantial Recent Improvements • Walking Distance to Significant Retail and Dining Including Home Depot, Target, and Starbucks • Excellent Central Pinellas County Location Providing Easy Access to I-275 and US-19, Major North/South and East/West Thoroughfares • 100% Spacious, Highly Functional Two Bedroom Floor Plans • New Landscaping, Swimming Pool Area Improvements, and 100% Full Unit Turns Completed • Highly Desirable Concrete Block Construction and Pitched Roofs • On Site Laundry Facility and Ample Parking
Sawgrass is a 34-unit apartment community located in Pinellas Park, Florida. The property consists of two 2-story buildings that sit on two acres of land with frontage on 76th and 78th Avenue. Each of the buildings were built in 1984 and are concrete block with stucco walls and a pitched roof. The unit mix at Sawgrass is 100% two bedroom-one bathroom floor plans, each 940 square feet. Community amenities include on-site laundry facilities and a swimming pool area. The property has undergone substantial improvements since the beginning of 2012 including landscape renovations, swimming pool/area improvements, full unit upgrades, and new appliances. Sawgrass presents an opportunity for an investor to purchase a stable, clean asset in Pinellas County, the most densely populated county in the state of Florida. Current ownership has completed extensive renovations to both the interiors and exterior of the community, making Sawgrass a desirable place to live. As a result, occupancy has remained relatively strong but has room for improvement.
Dean Manor Apartments consists of 13 units with separate patios and driveways built in 2007 and 2008. The units are individually metered for all utilities which helps maintain very low operational costs.
Dean Manor Apartments consists of 13 units with seperate patios and driveways built in 2007 and 2008. The units are individually metered for all utilities which helps maintain very low operational costs. All of the units are large Two and Three bedroom 2 Bath apartments which typically experience less turnover than smaller apartments. The property presents an excellent opportunity for an investor to realize double digit leveraged returns based on current cash flow while continuing to see increased demand as local supply is absorbed. Because 10 of the units are individually parceled, the property also presents the future opportunity for upside through individual sales.
8,161 SF Former Dollar General Bldg. 2.65+/- Acres / 115,700 SF. 200+/- Feet of Frontage of U.S. Hwy 301.
19,900+/- Cars per Day on U.S. Hwy 301. Less than 1/4 Mile from S.R. 24 - Primary NE Corridor to Gainesville. 1.34+/- Acres of the 2.65+/- Acres Available for Expansion. Zoned for Commercial Development.
9.69% Cap Rate on 2013 Actuals | Consistently Stable Property Which is Currently 92% Occupied | Within a Few Miles of Many Employers Including University of South Florida & the Veterans Affairs Hospital | Upside Potential Via Rent Growth and Economic Loss Reduction | Desirable Concrete Block Construction
Sandanay & Stonehenge are two apartment communities, operated as one property, located adjacent to one another in North Tampa near the University of South Florida. Sandanay, the larger of the two properties, consists of four buildings sitting on 1.81 acres of land. The buildings were constructed between 1967 and 1970 and each is concrete block with a flat roof. The unit mix at Sandanay includes 17 1Bdr-1Bath apartments (750 Sq Ft) and 43 2Bdr-1Bath apartments (1,000 Sq Ft) for a total of 55,750 rentable square feet. Community amenities include a swimming pool area, leasing office, barbecue grills, playground area, and laundry facilities. Stonehenge consists of eight buildings that sit on 1.77 acres of land. These buildings were constructed between 1967-1969 and each is concrete block with a pitched roof. The unit mix at Stonehenge includes 40 1Bdr- 1Bath apartments (600 Sq Ft) for a total of 24,000 square feet.