This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
4111 S Ocean Dr
Hollywood, FL 33019
Hyde Hallandale NN Retail · Hospitality Property For Sale · 50,250 SF
Investment Highlights
- Terrazas rent is well under market, providing a huge value add opportunity
- Years left on base term: 4 years
- Increases: 4%
- Tenant also pays HOA fees
- Two 5-year options
Executive Summary
HYDE NN RETAIL Welcome to Hyde NN Retail, a remarkable retail property for sale located at 4111 South Ocean Drive. Situated on the 9th floor of the prestigious Hyde Beach building, this property offers a unique opportunity for investors and business owners alike. With a spacious 6,000 square feet of space, this property is currently occupied by the highly sought-after Terrazas Restaurant/Pool Bar. Not only does Terrazas enjoy exclusive rights to serve food and beverage throughout the entire building, but it also has the only pool onsite, attracting a steady flow of customers year-round. One of the standout features of this property is Terrazas' below-market rent, providing a significant value-add opportunity for the savvy investor. Additionally, with 30 parking spaces available for clients and the tenant responsible for HOA fees, the potential return on investment is truly impressive. This retail gem comes with a lease that offers stability, with a base term of 4 years and two 5-year extension options. Furthermore, rental income is set to increase by 4% annually, ensuring long-term profitability. Don't miss your chance to acquire this prime retail property at Hyde NN Retail. Contact us today to seize this incredible investment opportunity! DOWNLOAD BROCHURE- https://facommercial.com/properties/?propertyId=1247238-sale
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 41 |
| Property Subtype | Serviced Apartment | Year Built | 2017 |
| Building Class | B | Parking Ratio | 0.02/1,000 SF |
| Lot Size | 1.34 AC | Corridor | Interior |
| Building Size | 50,250 SF | APN / Parcel ID | 51-42-26-ED-0040 |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 50,250 SF |
| No. Stories | 41 |
| Year Built | 2017 |
| Parking Ratio | 0.02/1,000 SF |
| Corridor | Interior |
| APN / Parcel ID | 51-42-26-ED-0040 |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Spa
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
zoning
| Zoning Code | PD (Condo Multiplex) |
| PD (Condo Multiplex) |
Learn More About Investing in Hospitality Properties
