Listed by Fausto Commercial, Fausto Commercial Realty Consultants
$925,000
Little Havana Restaraunt Property
Details
APN 01-4103-009-0010
Property Type Retail
Sub Type Restaurant
Square Footage 1,844
Net Rentable (SqFt) 1,509
Units 2
Cap Rate 6.63%
NOI $61,282
Occupancy 100%
Tenancy Multi
Lease Type NN
Lease Term 9
Lease Expiration 11/03/2025
Rent Bumps Yes
Lease Options MTM
Pro-Forma Cap Rate 10.96%
Pro-Forma NOI $101,423
Price per SqFt $502
Broker Co-Op Yes
Class B
Year Built 1930
Buildings 1
Lot Size (SqFt) 4,463
Zoning T6-8-0
Investment Type Value Add
Lease Commencement 10/19/2016
Occupancy Date 10/19/2016
Ground Lease No
Sale Condition For sale by owner
NNN Little Havana Restaurant
Marketing description
Prime corner restaurant property in the heart of Little Havana, fronting NW 22nd Avenue. The long-standing tenant—operating here for over eight years with two other Miami locations— Newly renewed their lease for 5 years on “NNN” like lease.
Ideal for investors.
Includes an on-site living unit for added rental income or owner occupancy.
Liqour License*
Investment highlights
Value Add
High Visibility
Liqour License in place
Future Developmental Zoning
Owner User
Investor Friendly
Listing Contacts
Listed by Fausto Commercial, Fausto Commercial Realty Consultants
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,282.00
$5,106.83/mo
Valuation Metrics
0
DSCR
6.63%
Cap Rate
6.63%
ROI
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