Listed by Anaheim Properties Inc
$3,590,000
Sneakers Bar & Grill
Details
Property Type Retail
Sub Type Bar
Square Footage 5,549
Cap Rate 6.17%
Lease Options 4-year option
Price per SqFt $647
Buildings 2
Acreage 0.370
Retail | 5,549 SF
Marketing description
Business currently operating, selling real estate and lease only. Shown by APPOINTMENT ONLY, Do not disturb tenant or you will be disqualified from purchasing this opportunity
Investment highlights
Sneakers Bar & Grill
327 & 331 N. Dixie Hwy. – Lake Worth.
- 2 Buildings total 5,549 sq. ft. on corner 0.37 acre lot.
- Tavern 3,915 sq. ft. + 4 car garage and apartment 1,634 sq.ft.
- Kitchen, Hood, Walk-in Cooler, Pantry.
- Lots of parking.
- Established 40 years.
- 5 A.M. 4 COP Liquor License.
- Very rare, only 2 in Lake Worth Beach.
- Pays $ 20,303.93/mo. NNN
- CAP rate 6.17
- 8.5% / yr. rental increases.
Just over 7 years and 10 months left on the lease + 4-year option.
ASKING PRICE: $ 3.95 M.
Business currently operating, selling real estate and lease only.
Shown by APPOINTMENT ONLY, Do not disturb tenant or you will be disqualified from purchasing this opportunity.
Listing Contacts
Listed by Anaheim Properties Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
