For Sale: Strickland Oil, Tavares, FL
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Overview
FOR SALE
610 E Burleigh Blvd.
Tavares, FL
610 E Burleigh Blvd.
Tavares, FL
• Price: Price: $2,579,333 or
$250,000 each for up to 10 buyers
• CAP (Yield) : 6% Yearly
• Building Size: 1,730 SF
• Tenant: Strickland Brothers
• Lot Size: 1.25 AC
• CAP (Yield) : 6% Yearly
• Lease Term: 15 Yrs
• Escalations : 10% every 5 years
• Lease Type: NNN
• Guarantee: 2x (Personal)
• AADT: 58,500
Here is an opportunity to purchase this property that is being tokenized with a 6% yield produced by collecting rent from a stable national tenant. Purchase as a single buyer, or be one of 25 buyers with each unit bought for $100K. Rental distributions will happen quarterly. Hold period of 5yrs. Will sell at Year 5 when the the rental escalation occurs.