
$2,180,000
Industrial Property for Sale, 5299 NE 12th Ave, Oakland Park, Florida 33334
- MLS#A12072664
Listed By Upside Partner, LLC.
The Industrial Property for Sale located at 5299 NE 12th Ave, Oakland Park, Florida 33334 is currently for sale.
Description
Upside Partners, LLC is pleased to exclusively present a rare
opportunity to acquire a net-leased income property backed by one
of the strongest credit profiles in commercial real estate: a Florida
municipality rated ‘AA’. The City of Oakland Park has 100% leased the
subject site at 5299 NE 12th Avenue under a five-year absolute net
lease commenced February 1, 2025, with three (3) two-year renewal
options and contractual 4% annual rent escalations.
The investment thesis is built on two pillars: (1) the City’s AA credit —
stronger than the vast majority of corporate net-lease tenants,
including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and on
par with select cities like New York, Miami and Dallas; and (2) the
underlying real estate — a 29,175 SF B-3 commercial-industrial parcel
in one of South Florida’s most supply-constrained infill industrial
corridors, providing meaningful residual value protection should the
income stream ever end.
Location
5299 NE 12th Ave, Oakland Park, Florida 33334
Property features
Lot/Land
- Land/Lot size:
2,710 m² (29,175 ft²)