Property 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.

Address Map
FL
Miami-Dade County
Key Biscayne
33149
260 Crandon Blvd C40
W81° 50' 12.6''
N25° 41' 45.1''
MLS Addon
1,044 Sqft
1
1
24-42-32-022-0380
: Retail
$12,773
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Commercialsale For Sale

260 Crandon Blvd C40, Key Biscayne, Florida 33149

$1,370,000
MLS # #A11550603
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Price : $1,370,000
Year Built : 1981
MLS # : A11550603
Property Sub Type : Retail
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