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Bank of America Ground Lease • Homestead, FL       

  • Pad to high volume Publix Shopping Center!
  • Corporate Guaranty!
  • ¼ mile to FL Turnpike entrance/exit ramp!
  • 10% Rent Increases every 5 years!

Location:

3050 NE 43rd Ave 

Homestead, FL 33033

Investment Highlights:

Price:

$1,926,000

Cap Rate:

6.75% 

Annual Rent:

$130,000

Rent psf:

$27.66 sf

Rent Increases:

10% every 5 yrs. and 15% in options

GLA:

4,700 sf

Land Area:

.90 acres

Lease Commencement:

10/3/2005

Lease Expiration:

10/31/2020

Lease Type:

NNN Ground Lease

Landlord Responsibilities:

None

Options:

Twenty 5-Year w/ 15% increase in each

Lease Guaranty:

Bank of America, N.A. 

Store Built:

2005

Store Photos:


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