5299 NE 12th Ave, Oakland Park, FL
About this property
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 facts
- Sqft
- 0
- Location
- Oakland Park, FL 33334
- County
- Broward County
- FEMA flood zone
- Zone AE, special flood hazard area
- Base flood elevation
- 7 ft (NAVD88)
- Ground elevation
- 3.8 ft
- Hurricane evacuation zone
- Not in a designated evacuation zone
- Distance to the coast
- 1.3 mi
Sources: FEMA National Flood Hazard Layer (panel 12011C0359J, effective 2024-07-31), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-01. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
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Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.