request_info_guest false
Street View
Map
7 Photos

NNN Retail Key Biscayne

$1,450,000

260 Crandon Blvd # 13, Key Biscayne, FL 33149

Active
Last Updated: 04/03/2025

5.38

Cap Rate

78,000

NOI

Details:
Cap Rate:    5.38%
NOI:    $78,000
Building Size:    1,044 sqft
Lot Area:    0.024 acres
Occupancy:    100%
Units:    1
Year Built:    1951
Highlights:
  • Sale Leaseback at closing
  • ⁠Tenant: Freddo Gelato (Master Franchisee for South FL.)
  • Freddo is an international brand with over 200 locations worldwide.
  • Monthly Base Rent: $6,500/mo + NNN expenses
  • Term: 10 year lease
  • NOI: $78,000
  • CAP RATE: 5.4%
Description:

NNN investment retail condo located at the shopping center The Square in Key Biscayne. The plaza is comprised of a mix of restaurants and retailers making it the most prominent center in the Key.

Key Biscayne is a Florida town on a barrier island across the Rickenbacker Causeway from Miami. It lies between 2 large parks—Crandon Park and Bill Baggs Cape Florida State Park—each with long, sheltered beaches, mangroves and tropical forest inhabited by birdlife, butterflies and loggerhead turtles.

Map:
1 Space Available

NNN Retail Key Biscayne Unknown Sub Type

Available:
Immediately
Sublease:
No
SQFT
1,044
Documents:
Title
Brochure___NNN_Retail_Key_Biscayne.pdf
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery