5299 NE 12th Ave, Oakland Park FL 33334

Description of 5299 NE 12th Ave, Oakland Park FL 33334

Upside Partners, LLC is pleased to exclusively present a rare opportunity to acquire a net-leased income property backed by one of the strongest credit profiles in commercial real estate: a Florida municipality rated ‘AA’. The City of Oakland Park has 100% leased the subject site at 5299 NE 12th Avenue under a five-year absolute net lease commenced February 1, 2025, with three (3) two-year renewal options and contractual 4% annual rent escalations. The investment thesis is built on two pillars: (1) the City’s AA credit — stronger than the vast majority of corporate net-lease tenants, including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and on par with select cities like New York, Miami and Dallas; and (2) the underlying real estate — a 29,175 SF B-3 commercial-industrial parcel in one of South Florida’s most supply-constrained infill industrial corridors, providing meaningful residual value protection should the income stream ever end.

Property Details for 5299 NE 12th Ave, Oakland Park FL 33334

Pool Private

No

Building Information for 5299 NE 12th Ave, Oakland Park FL 33334

Building Area Total

0

Building Area Units

Square Feet

Association

No

Property Information for 5299 NE 12th Ave, Oakland Park FL 33334

Lot Size Square Feet

29,175

Waterfront

No

View

No

New Construction

No

Public Records for 5299 NE 12th Ave, Oakland Park FL 33334

Parcel Number

494214200100

Tax Annual Amount

$11,997

Tax Legal Description

G & R COMMERCIAL PARK 64-16 B LOT 13 THRU 15

Zoning

B-3

County Or Parish

Broward County

Location