260 Crandon Blvd, C40 Key Biscayne, FL
For Sale
Retail
$1,370,000
Price
1,044 sqft
Building Size
1981
Year Built
Overview
Building Size
1,044 sqft
Year Built
1981
Description
PRIME Investment Opportunity. Fully NNN(tenant reimburses for all expenses) - NOI $76,441 - 5.58% Cap - 4% Annual Increases - Unit in main plaza of Shopping Center. Rented to Narbona, a highly successful restaurant/market with other locations in the city. Shopping center located in an affluent Zip Code with a captive client base. Tenant occupies 4 units in the plaza and has recently expanded into this unit. Lease has 5 years remaining with another 5 year renewal option. High foot traffic, other tenants include Bank of America and First Horizon among other successful restaurants, salons and retailers. Shopping center is on Crandon Blvd, the main road in Key Biscayne. Unit has 1,044 sq ft.
Highlights
- Buyer Agency Compensation: 3%
This listing was syndicated through:
Listing ID: A11550603
Listing ID: A11550603