Building Use: Manufacturing/Distribution/Storage Facility. Total Building Size: +/- 28,233 SF. Office Area: +/- 5,884. Warehouse Area: 22,349 SF. Site Area: +/- 9 Acres.
Constructed in 1989, precast panel built on slab. Zoning: IH (Industrial Heavy). Electrical Service: JEA - Heavy 3 Phase System. 6 Dock High Doors & 10 Grade Level Doors. 5 minutes to I-10, I-95 and I-295. 20 minutes to Jacksonville Port.
3+ years remaining on NNN lease. Corporate guarantee. Investment grade tenant (S&P BBB+ / Moody's Baa2). Four (4) five-year options to renew. 65,000 Residents within 3 miles.
Franklin Street Real Estate Services is pleased to present this freestanding CVS Pharmacy located in Holiday, FL. This NNN lease is located in Holiday, a small town in West Pasco county. Holiday is located just north of Pinellas county between Tarpon Springs and New Port Richey. Pasco county and it nearly 500,000 residents contribute to the rapidly growing 2.7 million population in the Tampa Bay Area. The subject property is positioned on the Westside of US Highway 19 at the hard corner of the intersection at Darlington Road. CVS has a full access points at both US Highway 19 and Darlington Rd. that gives both directions easy access to the property. This well positioned drugstore benefits from being located at the mouth of Tahitian Gardens a well established neighborhood. Holiday is located within miles of the Gulf of Mexico, lakes and beaches. Tampa is less than 25 miles away making many large businesses and attractions within a short reach. Eckerd signed a new 20 year NNN lease that commenced on August 1996. After acquiring Eckerd in the mid 2000's CVS took over this location and lease obligation. This lease offers 2.6% rental increases every 5 fives as well as four, five-year options to renew.
Palm Harbor, FL
100% occupied, well-maintained retail center. 65% of GLA is at contracted rents below market rents. Asking Price is below replacement cost ($127sf). 72% of GLA has been in center for at least 10 years. Parking Lot was recently re-striped/overlay.
Franklin Street Real Estate Services is pleased to present Curlew Plaza located in Palm Harbor, FL which is located in Pinellas County approximately 20 minutes from both Tampa and St. Petersburg. The site is situated at the of corner US Highway 19 and Curlew Rd, which is a main thoroughfare of the area and has a high traffic count of 76,500+/- ADT. The property is accessible both from Curlew Rd. (through cross access agreement with adjacent owners) and U.S. 19 N. The property sits directly on THE major North-South Highway in Pinellas County and is surrounded by a host of national retailers including Publix, Home Depot, Chase, Jo-Ann Fabrics, Staples, Ihop, Applebees, Petco, CVS, Walgreens, Enterprise Rent-a-Car, and others. The property also benefits from sitting out front of BayCare's Morton Plant Outpatient Center which draws significant daytime traffic.
Franklin Street Real Estate Services is pleased to present this new construction freestanding Dollar General located in Gainesville, FL.
Dollar General signed a new 15 year corporately guaranteed NNN lease which will commence when the store completes construction in February 2014. The lease offers a ten percent rental increase in each of the four, five year options to renew. Under the lease, the tenant is responsible for the payment of all taxes, insurance and common area maintenance of the property, including the roof and structure.
Franklin Street Real Estate Services is pleased to present this new construction freestanding Aspen Dental located in Conyers, GA, a suburb located about twenty miles east of Atlanta.
Aspen Dental signed a new 10 year corporately guaranteed NN lease which will commence around December 2013. The lease offers ten percent rental increases every five years as well as in each of the three, five year options to renew. Under the lease, the tenant is responsible for the payment of all taxes, insurance and common area maintenance of the property. The landlord maintains the roof and structure.
Franklin Street Real Estate Services is pleased to present this two tenant center occupied by Aspen Dental and Mattress Firm located in Douglasville, GA, a suburb about twenty miles west of Atlanta.
The property is 100% leased to national tenants Aspen Dental and Mattress Firm. Both tenants are on corporately guaranteed triple net leases that reimburse for their proportionate share of taxes, insurance and common area maintenance of the center. Both leases also have built-in rental increases in the initial term as well as options to renew with increases.
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Franklin Street Real Estate Services is pleased to present Powers Ferry Retail Center located in Sandy Springs, GA, an upscale suburb just north of Atlanta. The property has multiple points of ingress/egress from both Northside Drive and Powers Ferry Road and shares access with a large class A office building. The area surrounding the property is dense with class A office and upscale residential. There are currently over 180,000 residents within 5 miles with an average household income exceeding $160,000 within 1 mile. Other national retailers in the immediate area include Publix, McDonalds, Wells Fargo, BP, SunTrust, Chevron, Wendy's and Shell. The center is currently 85% leased to a diverse tenant mix well suited to the surrounding demographics including national tenants CVS and Subway. Most of the tenants reimburse for their proportionate share of taxes, insurance, and common area maintenance of the center, and several leases have rental increases and options to renew. The property was constructed in 2009 and has an attractive brick and stucco facade.
691 Durant is a unique 4 unit apartment building and adjacent lot in the very popular Midtown neighborhood. The quad consist of 4 very spacious 1 bedroom and 1 bath units that are 100% occupied.
691 Durant was built in 1960 and consist of 4 Large One Bedroom units situated on a .2 acre parcel of land. The land could potentially be broken up into 2 separate parcels; one for the quad and one which is being used for parking. The quad consist of 4 spacious 1 bedroom and 1 bath units and is 100% occupied. In addition, all units include individual HVAC systems and are separately metered for all utilities except water & sewer. The property is within walking distance to Piedmont Park, Restaurants, Bars, Ponce City Market, The Masquerade, and Atlanta's CBD is just a short commute away. The property has been well maintained and has very minimal deferred maintenance. The parcel is currently being used as additional parking; nine spaces (one space for each unit and four leased to others). The land could potentially be developed into a single family home, townhomes, or a duplex which would result in additional income.
Miami Beach, FL
- "A"Location Positioned Directly on Tatum Waterway - Nearly $200,000 In Recent Capital Improvements - Condo Quality Renovations - 40-Year Recertification - Potential Income from 6 Boat Slips
Franklin Street Real Estate Services is pleased to announce the Exclusive Listing of 8101 Crespi Blvd, Miami Beach, Florida. This is a rare opportunity to acquire a renovated property that is situated in an "A" location located directly on the Tatum Waterway with water views. The property consists of 24 units and was constructed in 1969 of concrete block with a concrete roof. It is situated a few short blocks away from Collins Ave and the Atlantic Ocean. The unit mix is comprised of 16 one bedroom/ one and a half bath units estimated at 1,025sq ft and 8 two bedroom/ two bath units estimated at 1,225 sq ft. All of the units have balconies and central a/c. The property is well-positioned for a new investor to acquire a property in excellent condition located in an "A" location and take current operations to the next level. Based on the market and current rents for renovated units there is upside through continued renovations of the remaining 2 units. After improvements these units should command upwards of $1,350/unit in rents leading to an increase in NOI. This coupled with additional revenue from renting the boat slips leads to a Pro Forma Cap Rate of 5.80%. Investing in this asset will generate a steady cash flow in the short-run with capital appreciation in the long-run, and at the appropriate time a perfect condo sell-out strategy.