Retail•Street Retail•For Sale

NNN Sherwin-Williams

11300 Wiles Road, Coral Springs, Florida 33076

Sale Price $2,550,000
Sale Type Net Lease Investment
Zoning B-3
Bldg Type Multi-Tenant
Status Existing
Year Built 1990
Year Renovated 2006
Stories 1
Cap Rate 5.45%
Vacancy 100%
Gross Bldg 7,315 SqFt
RBA 7,315 SqFt
Avail Parking 4/1000SqFt
Ceiling Height 12.0 Ft
Net Op Inc $139,049
Market NW Broward/Coral Springs
Sub-Market Wiles Road Corridor
MLS# F10199024
Legal Descr WILES BUSINESS CENTER COMMERCIAL CONDO UNIT 11300
The investment consists of an "almost absolute" NNN Sherwin-Williams with 6+ years on first term remaining plus 3 x 5-year options, PLUS contiguous modified gross leased F45 franchise fitness studio, both in a single tax parcel end-cap in the Wiles Business Center Condominium. It is located in affluent suburban Coral Springs, Florida across from a new Costco in the Wiles Road commercial and business-to-business corridor. Affluent Suburban Coral Springs - Parkland area, across from new Costco in the Wiles Road commercial corridor - Wiles Business Center Condominium endcap.
  • NNN Sherwin-Williams with 6+ years on original term plus 3 x 5 year options.
  • Affluent suburban Coral Springs and Parkland residential center.
  • Well-established specialty retail corridor with new Costco across the street.
  • Sherwin Williams is "Almost-Absolute" NNN with newer buildout and mostly association-managed CapX maintenance.
  • PLUS a contiguous recently built-out F45 Training fitness franchise in an area of heavy fitness activity.
  • Seller will finance a small amount: $500,000 @7% for three years.
10/14/2019 2:33:47 PM 1/20/2020 6:30:15 PM
Mike Jacobs
Commercial Sales & Leasing
Keyes Commercial North
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