1955 Ohio Ave N
Live Oak (Outside Tallahassee), FL 32065
Hwy 55 Drive-Thru
| Offering Summary | |||
|---|---|---|---|
| Price | $2,810,991 | Cap Rate | 6.15% |
| NOI | $172,876.00 | Rentable SF | 2,163 SF |
| Lot Size | 1.22 +/- Acres | Year Built | 2023 |
| Lease Type | Absolute NNN | Lease Term | 20 Years |
Investment Highlights
- Brand New 2023 High-Quality Construction in Tax-Free State
- 20-Year Absolute NNN Lease w/ 7.50% Increases Every 5-Years
- Corporate Guarantee from Hwy 55 — Hwy 55 Has Evolved into an
Iconic Brand in the Southeast Now with Over 140 Locations - Located at the Entrance to a Brand New 80-Unit Residential
Development Adjacent to New Publix & Directly Across from Lowe’s - Located in Rapidly Growing Retail Trade Area Immediately off Ohio
Ave N & Interstate-10 w/ Traffic Counts Exceeding 50,000 VPD - Directly off Interstate-10 (The Major Thoroughfare Going from Live
Oak to Jacksonville & Tallahassee)
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com
Greg LaBarre
Vice President
(619) 997-1242
glabarre@wertzrealestate.com