Property details

Florida Absolute Triple Net (NNN) Hotel Sale Leaseback, Southeast Region

Property Description

Three Hotels.

Available only as a portfolio.

All are located in very close proximity to each other.

All sit with great visibility from the road and easy access.

Sale-Leaseback, Absolute NNN

New 20 Year Lease that will commence at closing.

Four 5-Year Options

Nice rent increases of 8.5% Every 5 Years

Outdoor Pools

Recent Renovations Completed January 2018



Hotels For Sale


Net Lease Properties For Sale



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Highlights

Status:
Available
Price:
$15,458,191
Cap Rate:
7.50%
Rent Increases:
8.5% Every 5 Years
 

Property Information

Property Type:
Net Lease
Industry Type:
Hotel - Motel - Inn
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
lorida Absolute Triple Net (NNN) Hotel
Lease Type:
NNN
Lease Commencement:
06/09/2018
Lease Expiration:
06/09/2018
Lease Remaining:
20.0 years
Landlord Responsibilities:
NNN
Options:
Four 5-Year Options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.