260 Crandon Blvd C40, Key Biscayne, 33149

  • $1,370,000

Listing UP for Sale

Key Biscayne

260 Crandon Blvd C40, Key Biscayne, 33149

Key Biscayne

  • $1,370,000

Overview

Property MLS #: A11550603
  • Property Type
  • Retail
  • 1981
  • Year Built

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 260 Crandon Blvd C40
  • City Key Biscayne
  • State/county Florida
  • Zip/Postal Code 33149
  • Area Miami-dade County

Details

Updated on March 15, 2024 at 10:53 am
  • Property MLS #: A11550603
  • Price: $1,370,000
  • Year Built: 1981
  • Property Type: Retail
  • Property Status: Listing UP for Sale

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