Radio Tower Absolute NNN Sale Leaseback

  SOLD April 2023 for $1,000,000

3140 10th Place, Vero Beach, Florida 32960


Building Size100 Square Feet
Land Size2.07 Acres
ZoningRS-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


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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