Condo in Key Biscayne, FL 33149

The Square At Key Biscayne, 260 Crandon Blvd Ste #C39

For Sale | Retail Condo | 1,044 Square Feet | Investment | 5.54% Cap Rate PROPERTY OVERVIEW: • Price $1,500,000 • Type: Investment • Unit: C39 • Unit Size: 1,044 SF • # of Floors: 2 • Property Type: Retail DETAILS: • Own a slice of Key Biscayne • 5.54% Cap Rate • 3% Annual Rental Increases • Fully NNN. Tenant reimburses for all expenses • Minimal owner responsibilities • Same Tenant since 2013 • 2.5 years left on Term • Current NOI $83,158.47 INVESTMENT HIGHLIGHTS: • Part of 32,028 square foot shopping center. • Other Tenants in the shopping center include Iberia Bank, Bank of America, and many restaurants and retailers. • High barrier of entry in the market with an affluent, captive customer base.