Retail Absolute Net
For Sale
Contact for pricing
20955 Taft Street, Pembroke Pines, FL 33029
15-year absolute net retail lease with zero landlord responsibilities and scheduled 10% rent increases every five years.
Property SizeContact for details
Days on Market126
Property Features for 20955 Taft Street
General Information
Standard status
Active
Property subtype
Retail, Office
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin Mansour · License #TX 0606255
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 6:57AM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This offering features a newly established 15-year absolute net lease for retail space with zero landlord responsibilities. The lease includes scheduled 10% rental increases every five years, providing step-up rent over the term.
The credit backing referenced in the public remarks is for OMF.RS, which is described as having an S&P Investment Grade credit rating of “AA*” and approximately $95 billion in net assets. The property is located at 20955 Taft Street in Pembroke Pines, Florida.
The credit backing referenced in the public remarks is for OMF.RS, which is described as having an S&P Investment Grade credit rating of “AA*” and approximately $95 billion in net assets. The property is located at 20955 Taft Street in Pembroke Pines, Florida.
Key Highlights
- 15‑year absolute net retail lease with zero landlord responsibilities
- Scheduled 10% rental increases every 5 years
- Tenant parent company (OMF.RS) has an S&P investment grade credit rating of "AA*"
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
11,612 visits/mo
0.4 miles
Caliber Collision
Shops & Services
1,004 visits/mo
0.1 miles
Demographics for 33029, FL
46,202
Population
14,075
Households
3.3
Avg Household Size
41
Median Age
46%
College-Educated
95%
High-School Grad
16.8 sq mi
ZIP Area
2,750
Density / Sq Mi
$145,282
Median Household Income
$59,285
Median Earnings
$2,324
Median Rent
$575,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 15-year absolute net retail lease with zero landlord responsibilities and scheduled 10% rent increases every five years.
Where is this retail space located?
The property is located at 20955 Taft Street Pembroke Pines, FL.
What are key features of this property?
This property features: 15‑year absolute net retail lease with zero landlord responsibilities; Scheduled 10% rental increases every 5 years; Tenant parent company (OMF.RS) has an S&P investment grade credit rating of "AA*"
