Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ?AA. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the ...Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ?AA. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the Citys AA credit ?stronger than the vast majority of corporate net-lease tenants,including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and onpar with select cities like New York, Miami and Dallas; and (2) theunderlying real estate ? a 29,175 SF B-3 commercial-industrial parcelin one of South Floridas most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.
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Agency Name: Upside Partner, LLC.
Agent Name: Andrew Rosenberg
Agency Phone: 305-968-8932
Presented by
Agency Title: Illustrated Properties
Agency Phone: (561) 272-4015
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