$3,025,000
Details
Price : $3,025,000
Cap Rate : 4.00%
NOI : 121000
Building Size : 5,073 Sq Ft
Lot Size (AC) : 1.25
Year Built : 2003
Lease Type : NNN
Lease Expiration : 10/2019
Renewal Options : Four, 5-Year
Rental Increases : 15% Every 5 Years
Status : Available
Property Type : Retail
Sold : Yes
Sold Date : 04/08/2019
Investment Highlights
No Debt to Assume
High Traffic Counts
Long-Term National Tenant
Excellent Demographic Profile
Florida has no State Income Tax
Significant Upside Rent Potential
Rent to Sales ratio is less than 3%
High-Profile Retail Corridor Location
NNN Leases with No Management Responsibilities
Description
Bonefish Grill occupies 5,073± square feet of the property. The Restaurant is highly visible and exceptionally well located in the City of Coral Springs, Broward County, Florida on the east side of University Drive, a high traffic north/south retail corridor in southeast Florida.
Bonefish Grill occupies 5,073± square feet of the property. The Restaurant is highly visible and exceptionally well located in the City of Coral Springs, Broward County, Florida on the east side of University Drive, a high traffic north/south retail corridor in southeast Florida.
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