2455 E Sunrise Blvd, Fort Lauderdale, FL 33304
For sale$3,300,0009,253 SF
Retail$357/SF
Property type
Retail
Price
$3,300,000
Rentable area
9,253 SF
Price per SF
$356.64
Net Operating Income
$200,374
Property description
Introducing a prime investment opportunity at the heart of Fort Lauderdale, this 9,253 SF property presents an exceptional investment prospect for investors. With a strong, long-term tenant in place, this well-maintained building offers a stable income stream and a hassle-free investment. Its spacious layout and strategic location in the thriving Fort Lauderdale area make it an attractive choice for investors seeking a secure and lucrative addition to their portfolio.
Property highlights
- 9,253 square foot high end, ground floor, ornately decorated, and fully fixtured restaurant and bar.
- Tenant, Lasso Gaucho, entering the 5th year of a 10-year lease with 2, 5-year options (Gross Lease)
- In Place NOI $200,374.00 and 6.07% CAP RATE with potential upside from percentage rent.
- Condo ownership includes majority of furnishings, fixtures, and equipment in the restaurant.
- Valet parking, 10 reserved spaces, 25 unassigned parking spaces and plentiful street parking available.