174 Northwest 9th Avenue

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174 Northwest 9th Avenue

Mulberry, FL 33860
Asking Price
$1.80M
Cap Rate
7%
Asset Type
Distribution Retail
Class
Class B

What's Special

Full corporate guaranty by 9-figure publicly traded entity. Serves as distro hub for 25+ retail loc <ul><li>​8,400 SF fully built-out distribution, storage center </li><li>​New 10-year NNN lease with Grow Healthy </li><li>​Site serves as Grow Healthy distribution Center who has currently 18 stores in Florida </li><li>​Roll-up doors for loading/unloading, fenced yard with multiple access points </li><li>​3-phase power, commercial drainage, and food-grade finishes </li><li>​Located 5 minutes from SR-60 with easy access to I-4 and US-98 </li><li>​Strong long-term lease in place with reliable cash

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

Location & Travel Times