260 Crandon Blvd - NNN RETAIL- FREDDO The Square - Key Biscayne

1,044 SF Retail Condo Unit Offered at $1,450,000 in Key Biscayne, FL 33149

INVESTMENT HIGHLIGHTS

  • Sale Leaseback at closing
  • Freddo is an international brand with over 200 locations worldwide.
  • Term: 10 year lease
  • Tenant: Freddo Gelato (Master Franchisee for South FL.)
  • Monthly Base Rent: $6,500/mo + NNN expenses

EXECUTIVE SUMMARY

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. Property Brochure: https://facommercial.com/properties/?propertyId=1209968-lease

PROPERTY FACTS

Price $1,450,000
Unit Size 1,044 SF
No. Units 1
Total Building Size 32,028 SF
Property Type Retail (Condo)
Property Subtype Storefront Retail/Office
Sale Type Investment NNN
Building Class B
Floors 1
Typical Floor Size 32,028 SF
Year Built 1981
Lot Size 0.74 AC
Parking Ratio 5.34/1,000 SF

1 UNIT AVAILABLE

Unit 3

Unit Size 1,044 SF
Price $1,450,000
Price Per SF $1,388.89
Condo Use Retail
Sale Type Investment
Cap Rate 5.38%
NOI $78,000
DESCRIPTION

in contract - accepting back up contracts - 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.

Property Brochure: https://facommercial.com/properties/?propertyId=1209968-lease

SALE NOTES

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

Walk Score®
Very Walkable (80)

AMENITIES

  • Banking
  • Property Manager on Site
  • Restaurant
  • Signage
  • Tenant Controlled HVAC

NEARBY MAJOR RETAILERS

Chase Bank
First Horizon Bank
Bank of America
Amerant Bank
Starbucks
Citi
Winn-Dixie Pharmacy
Truist
CrossFit

ZONING

Zoning Code C1 (Retail, office, commercial condominium)
  • Listing ID: 32017237

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 260 Crandon Blvd, Key Biscayne, FL 33149