Commercial property in Key Biscayne, Florida № 1065254

Property description

PRIME Investment Opportunity. Fully NNN(tenant reimburses for all expenses) - NOI $75,919 - 5.54% Cap - 4% Annual Increases - Unit is in most desired plaza of Shopping Center. Rented to CRAFT, a highly successful restaurant with other locations in the city(look up Google reviews). Features a full kitchen with grease trap. Shopping center located in an affluent Zip Code with a captive client base. Lease has 3 years remaining with two 5 year renewal options. 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.