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
AMENITIES
- Banking
- Property Manager on Site
- Restaurant
- Signage
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
ZONING
Zoning Code | C1 (Retail, office, commercial condominium) |