512 NW Park St Okeechobee, FL 34972

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Matthew Mousavi · License #CA 01732226

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:10PM Checked: Jul 21 at 12:10PM

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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.

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

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FAQs

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