Dania Beach NN Lease to Catering Business 715 NW 1st St 2,356 SF Retail Building Dania Beach, FL 33004 $600,000 ($254.67/SF) 5.40% Cap Rate
EXECUTIVE SUMMARY
Single Tenant NNN Long Term Tenant (Caterer) NOI: $32,414 + 3.0% Annual Increases (Tenant pays 100% RE taxes / Insurance) 2,344 SF bldg with Commercial Kitchen and Long Term Tenant. Fully equipped with kitchen (inventory list) and 2 bathrooms, on a huge 8,134 sqft lot with parking in the heart of Dania Beach and US1. The aforementioned property is located in the Regional Activity Center (RAC) and Neighborhood Mixed Use (NBHD-MU) zoning district. Hood / Fire Suppression System / Natural Gas / Impact Windows / 10 tons of HVAC.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,356 SF
Building Class
C
Year Built/Renovated
1957/2000
Price
$600,000
Price Per SF
$254.67
Cap Rate
5.40%
NOI
$32,414
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
NBHD-MU - Neighborhood Mixed-Use District
Parking
7 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
117’ on NW 1st St
AMENITIES
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 50-42-34-23-0010 | Improvements Assessment | $162,900 |
| Land Assessment | $55,090 | Total Assessment | $217,990 |
