Freestanding Absolute NNN
For Sale
Contact for pricing
Pending
512 NW Park St, Okeechobee, FL 34972
Badcock Home Furniture occupies a freestanding absolute NNN with a brand new 15-year lease and multiple extension options.
Property SizeContact for details
Days on Market148
Property Features for 512 NW Park St
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
35,000 vehicles/day
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 2 at 11:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee simple freestanding retail property is leased by Badcock Home Furniture under an absolute NNN structure with zero landlord responsibilities. The tenant recently signed a brand new 15-year lease with four (4) five-year options to extend. Rent increases are scheduled at 2% annually starting in Year 3 and continuing through the initial term and option periods.
Located at 512 NW Park St in Okeechobee, Florida, the property is positioned along a major retail thoroughfare. The area along NW Park St averages 35,000 vehicles passing daily, and the asset is also near U.S. Highway 441, which averages 28,000 VPD. The site offers strong street visibility with significant frontage and a large pylon sign.
The property sits just northwest of a Walmart Supercenter anchored retail center and is within a broader primary retail corridor. Nearby tenants listed in the remarks include Verizon, Little Caesars, The Home Depot, ALDI, Dollar General, CVS Pharmacy, Walgreens, and Advance Auto Parts.
Located at 512 NW Park St in Okeechobee, Florida, the property is positioned along a major retail thoroughfare. The area along NW Park St averages 35,000 vehicles passing daily, and the asset is also near U.S. Highway 441, which averages 28,000 VPD. The site offers strong street visibility with significant frontage and a large pylon sign.
The property sits just northwest of a Walmart Supercenter anchored retail center and is within a broader primary retail corridor. Nearby tenants listed in the remarks include Verizon, Little Caesars, The Home Depot, ALDI, Dollar General, CVS Pharmacy, Walgreens, and Advance Auto Parts.
Key Highlights
- Absolute NNN freestanding Badcock Home Furniture investment property in Okeechobee, FL
- Tenant recently signed a brand new 15‑year lease with 4 (5‑year) options to extend
- Lease includes 2% annual rental increases starting in Year 3 throughout the initial term and options
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
149k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 35%
Groceries 13%
Electronics 2%
Wawa
Shops & Services
40,404 visits/mo
0.2 miles
McDonald's
Dining
30,907 visits/mo
0.5 miles
Aldi
Groceries
18,901 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,508 visits/mo
0.4 miles
Arby's
Dining
8,039 visits/mo
0.5 miles
Demographics for 34972, FL
19,514
Population
7,004
Households
2.8
Avg Household Size
37
Median Age
15%
College-Educated
77%
High-School Grad
854.4 sq mi
ZIP Area
23
Density / Sq Mi
$53,902
Median Household Income
$33,612
Median Earnings
$994
Median Rent
$193,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Badcock Home Furniture occupies a freestanding absolute NNN with a brand new 15-year lease and multiple extension options.
Where is this nnn property located?
The property is located at 512 NW Park St Okeechobee, FL.
What are key features of this property?
This property features: Absolute NNN freestanding Badcock Home Furniture investment property in Okeechobee, FL; Tenant recently signed a brand new 15‑year lease with 4 (5‑year) options to extend; Lease includes 2% annual rental increases starting in Year 3 throughout the initial term and options
