Nations Auto Glass - Net Lease Property for Sale
Melbourne, FL
Key Investment Metrics
Price
$2,141,000
Cap Rate
6.5%
Net Operating Income
$139,200
Land Area
0.32 Acres
Remaining Term
15 years
Lease Type
Absolute NNN
Year Built
1957
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years
About This Nations Auto Glass Net Lease Property
This Nations Auto Glass NNN (triple net lease) property is located in Melbourne, FL and represents an excellent investment opportunity for commercial real estate investors. The property features quality square feet of building space and was built in 1957.
With a cap rate of 6.5%, this Nations Auto Glass net lease property offers stable income potential. The asking price is $2,141,000, making it an attractive option for 1031 exchange investors seeking quality Nations Auto Glass commercial properties.
Why Invest in Nations Auto Glass NNN Properties?
- Stable Income: Nations Auto Glass net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Nations Auto Glass is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Melbourne, FL Market Overview
Located in Melbourne, FL, this Nations Auto Glass property benefits from strong local demographics and market fundamentals. The Melbourne area offers excellent visibility and accessibility, making it an ideal location for Nations Auto Glass operations and a solid investment for net lease property buyers.