INVESTMENT OPPORTUNITY WITH 6% CAP RATE | PRESERVE PLAZA CONDO | S. TAMIAMI TRAIL | US41

SOLD! This well maintained Neighborhood Center condo is fully leased and available for sale as an investment property.  The current tenant has a three year, triple net lease, with 3% annual escalations and a lease expiration date of March 28, 2025.  The current NOI is $25,142 annually.  The C1-A zoning has many allowable office and retail uses and the layout consists of a large open showroom/reception area, a large open workspace with overhead door for deliveries, one restroom and an additional restroom that is plumbed for service and is fully air conditioned with two A/C units.  

The property is located on the west side of US41 with easy access via the lighted intersection of S. Tamiami Trail and Constitution Blvd.  The population within a 5 mile radius is 89,569± and the FDOT reported the AADT (Annual Average Daily Traffic) to be 42,500 Cars Per Day in 2020. 

Additional Information
Association Fees:  $1,418.50 Per Quarter
Parking:  113 Shared Surface Spaces
Overhead Door:  (1) 10' x 8'
Ceiling Height:  10'9"