Listed by FA Commercial
$4,435,894
Hyde NN Retail
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 6,000
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 1
Lease Expiration 06/01/2027
Remaining Term 1
Lease Options 5 year option to extened
Pro-Forma Cap Rate 6%
Pro-Forma NOI $266,153
Class A
Lease Commencement 06/01/2026
Ground Lease No
Hyde NN Retail
Marketing description
FA Commercial is pleased to present this NN property located at the 9th floor of the Hyde Beach. The Terrazas Restaurant/Pool Bar is on the 9th floor of the property, which is also home to the only pool in the building.
Property Brochure: https://facommercial.com/properties/?propertyId=1247238-sale
Property Video: https://youtu.be/YiFxyAvg5zw
Investment highlights
- Terrazas rent is well under market, providing a huge value add opportunity
- Terrazas has exclusive right to serve food and beverage in the entire building
- Tenant also pays HOA fees (HOA: $53,351)
- 30 parking spaces available for clients
- Two 5-year options
- Increases: 4%
- RE Tax: $30,000
Listing Contacts
Listed by FA Commercial
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