Radio Tower Absolute NNN Sale Leaseback
3140 10th Place, Vero Beach, Florida 32960
Sold: $1,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
100 sqft
Land Size
2.07 acres
Zoning
RS-6 Single-Family Residential
Property Description
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