Connect With Us
Logo

Connect With Us Now!

    Main Content

    See All Photos (15)
    Home > Listings > Sale Leaseback Portfolio
    For Sale
    1606 Highland Avenue Vero Beach, FL 32960
    $2,800,000

    About this property

    Property Features:
    – Lease Terms May be Adjusted to Better Suit Investor Needs.
    – Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
    – The Residential OR Commercial Package may be Purchased Individually!
    – All Buildings Purchased and Renovated within the Past 5 Years.
    – Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.

    Current Facility Use:
    – Highland Avenue and 14th Avenue, Vero Beach Locations – Monitored Sober Living Facilities

    Financial Summary – Lease Terms May be Adjusted to Better Suit Investor Needs:
    Parent Company: VBREP LLC
    Total Square Footage: 9,616
    Average Lease Expiration: February 2034 (8 Years Remaining)
    Lease Structure: Triple Net (NNN)
    Current Base Rent: $207,536.80
    Rental Increases: 3% Annual
    Renewal Options: Two, 1-Year Options (3% Increases)
    Landlord Responsibilities: Roof, Structure, Common Area Maintenance
    (All Operating Expenses Billed Back to Tenant Including Amortized
    Capital Improvements or Repairs)
    Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC

    PORTFOLIO SUMMARY: Includes Nine Residential Buildings Totaling 9,616 Square Feet
    NOI: $207,536.80
    CAP RATE: 7.41%
    SALE PRICE: $2,800,000

    Select your date preference
    Loading dates...
      Printable Flyer
      Share

      About this property

      Property Features:
      - Lease Terms May be Adjusted to Better Suit Investor Needs.
      - Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
      - The Residential OR Commercial Package may be Purchased Individually!
      - All Buildings Purchased and Renovated within the Past 5 Years.
      - Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.

      Current Facility Use:
      - Highland Avenue and 14th Avenue, Vero Beach Locations – Monitored Sober Living Facilities

      Financial Summary - Lease Terms May be Adjusted to Better Suit Investor Needs:
      Parent Company: VBREP LLC
      Total Square Footage: 9,616
      Average Lease Expiration: February 2034 (8 Years Remaining)
      Lease Structure: Triple Net (NNN)
      Current Base Rent: $207,536.80
      Rental Increases: 3% Annual
      Renewal Options: Two, 1-Year Options (3% Increases)
      Landlord Responsibilities: Roof, Structure, Common Area Maintenance
      (All Operating Expenses Billed Back to Tenant Including Amortized
      Capital Improvements or Repairs)
      Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC

      PORTFOLIO SUMMARY: Includes Nine Residential Buildings Totaling 9,616 Square Feet
      NOI: $207,536.80
      CAP RATE: 7.41%
      SALE PRICE: $2,800,000

      Property Details

      Printable Flyer
      Share

      Connect With Us Now!