Bought with Jenkins Realty Inc.
$3,100,000
$3,440,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
2,284 SqFt
SOLD DATE : 05/22/2024
Key Details
Sold Price $3,100,000
Property Type Commercial
Sub Type Restaurant/Entertainment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,284 sqft
Price per Sqft $1,357
Subdivision G & P Plat
MLS Listing ID RX-10959741
Sold Date 05/22/24
Year Built 2018
Annual Tax Amount $37,408
Tax Year 2023
Lot Size 0.830 Acres
Property Sub-Type Restaurant/Entertainment
Property Description
Fully NNN property with 14.9 years remaining on the initial lease term. NOI is $172,000 with increases every 5 years. Four lease renewal options with price bumps. Cap Rate is 5%.
Location
State FL
County Broward
Area 3427
Zoning B-3c
Interior
Heating Central, Electric
Cooling Central Building
Flooring Other
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Electric, Public Sewer, Public Water
Roof Type Other
Building
Story 100.00
Others
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Financing Cash,Exchange
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