Classic Collision Center- NE Fort Lauderdale
For sale1165 NW 55 Street, Fort Lauderdale, FL 33309
$4,235,00011,588 SF
Industrial$365/SF1975
Property Type
Industrial
Price
$4,235,000
Price per SF
$365.46
Building Size
11,588 SF
Property description
Sale Offering consists of a NNN Lease Collison Center property leased on a long-term basis to Classic Collison, a leading national chain of over 300 centers owned by publicly traded TPG ( NASDAQ: TPG).
Property highlights
- Long Term Credit Lease with major publicly traded tenant
- Initial 15-year lease with (3) Five Year Options to renew with fixed 5% increases every 5 years
- Minimal Landlord responsibilities- Roof and structure only
- Well maintained buildings in excellent condition
- Offering consists of 2 buildings and 2 additional storage lots
- Recession proof business located in central Broward location