Radio Tower Absolute NNN Sale Leaseback
SOLD April 2023 for $1,000,000
3140 10th Place, Vero Beach, Florida 32960
| Building Size | 100 Square Feet |
| Land Size | 2.07 Acres |
| Zoning | RS-6 Single-Family Residential |
FEATURES:
- Sale Leaseback with Zero Landlord Responsibilities.
- Property Houses an Active Radio Broadcasting Station Tower.
- Twenty-Five Year Base Lease term with Two, Twenty-Five Year Renewal Options all with CPI annual Increases.
- Property Located in a very desirable residential neighborhood which could be used for Single Family Housing upon lease expiration.
LOT SIZE: 2.07 Acres
ZONING: (RS-6) Single-Family Residential District
R.E. TAXES: $1,421.04 (2022)
CAP RATE: 9%
SALE PRICE: $1,000,000
Agent
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Office Phone: (772) 778-2334Fax: (772) 569-9155
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.