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260 Crandon Blvd - NNN RETAIL- FREDDO The Square - Key Biscayne
1,044 SF Retail Condo Unit Offered at $2,087,260 CAD in Key Biscayne, FL 33149
Investment Highlights
- Sale Leaseback at closing
- Freddo is an international brand with over 200 locations worldwide.
- Term: 10 year lease
- Tenant: Freddo Gelato (Master Franchisee for South FL.)
- Monthly Base Rent: $6,500/mo + NNN expenses
Executive Summary
NNN investment retail condo located at the shopping center The Square in Key Biscayne. The plaza is comprised of a mix of restaurants and retailers making it the most prominent center in the Key. Property Brochure: https://facommercial.com/properties/?propertyId=1209968-lease
Property Facts
| Price | $2,087,260 CAD | Building Class | B |
| Unit Size | 1,044 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 32,028 SF |
| Total Building Size | 32,028 SF | Year Built | 1981 |
| Property Type | Retail (Condo) | Lot Size | 0.74 AC |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 5.34/1,000 SF |
| Sale Type | Investment NNN |
| Price | $2,087,260 CAD |
| Unit Size | 1,044 SF |
| No. Units | 1 |
| Total Building Size | 32,028 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment NNN |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 32,028 SF |
| Year Built | 1981 |
| Lot Size | 0.74 AC |
| Parking Ratio | 5.34/1,000 SF |
1 Unit Available
Unit 3
| Unit Size | 1,044 SF | Sale Type | Investment |
| Price | $2,087,260 CAD | Cap Rate | 5.38% |
| Price Per SF | $1,999.29 CAD | NOI | $112,280.22 CAD |
| Condo Use | Retail |
| Unit Size | 1,044 SF |
| Price | $2,087,260 CAD |
| Price Per SF | $1,999.29 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| NOI | $112,280.22 CAD |
Description
in contract - accepting back up contracts - NNN investment retail condo located at the shopping center The Square in Key Biscayne. The plaza is comprised of a mix of restaurants and retailers making it the most prominent center in the Key.
Property Brochure: https://facommercial.com/properties/?propertyId=1209968-lease
Sale Notes
Sale Leaseback at closing
Tenant: Freddo Gelato (Master Franchisee for South FL.)
Freddo is an international brand with over 200 locations worldwide.
Monthly Base Rent: $6,500/mo + NNN expenses
Term: 10 year lease
Amenities
- Banking
- Property Manager on Site
- Restaurant
- Signage
- Tenant Controlled HVAC
Nearby Major Retailers
zoning
| Zoning Code | C1 (Retail, office, commercial condominium) |
| C1 (Retail, office, commercial condominium) |
Presented by
260 Crandon Blvd - NNN RETAIL- FREDDO The Square - Key Biscayne
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