Property Highlights
• Rare opportunity to acquire prime Key West, FL real estate
• High barriers to entry, supply constrained market
• 18.5 years remaining on 20-year NNN lease
• New construction with zero landlord responsibilities
• 10% rent increases every 5 years provides inflation hedge
• Excellent underlying real estate fundamentals with full access and prominent visibility to 36,000 ADT along Roosevelt Blvd (US-1)
• Roosevelt Blvd is the primary retail thoroughfare serving Key West and the Lower Keys
• Excellent sales performance – low rent to sales ratio
• CG Zoning allows for future vertical development
• Fee simple ownership allows for depreciation of the building
• No State income tax in Florida