Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
$2,300,000
For Eyes Optical - Pembroke Pines FL
Details
APN 51-40-14-02-0360
Property Type Retail
Sub Type Storefront
Square Footage 2,300
Cap Rate 5.5%
NOI $126,492
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 33.4
Lease Expiration 06/30/2031
Remaining Term 5
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 0.460
Zoning (B-3) General Business
Parking Spaces 10 spaces
Parking per 1,000 SqFt 4.35
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/15/1998
Ownership Fee Simple
Retail | 5.50% CAP | 2,300 SqFt
Investment highlights
- Corporate-Backed Lease | Below Market Rent | Long Term Tenancy
- NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Prime Pembroke Pines Retail Corridor | Outparcel to Walmart SuperCenter
- Strong Demographics In 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners South Florida, SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,492.00
$10,541.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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