3 Coastal Retail Units – Fully Leased Investment - Business for Sale

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Three Fully Leased Retail Units in Lake Worth Beach, FL

Lake Worth Beach, FL, US
Added 7 months ago
Commercial Real Estate Investment with Retail Tenants
7 years in business

This listing is for a mixed-use property in Lake Worth Beach, FL, consisting of three fully leased retail units occupied by a gym, café, and barber shop, built in 2018 and located near the Intracoastal and Downtown Lake Ave.

Key Information

Asking

$1.7M

Revenue

Earnings

Multiple

Key Highlights

  • Property consists of three fully leased commercial units totaling 3,415 sq. ft.
  • Located in Lake Worth Beach, Palm Beach County, FL
  • Built in 2018; business has been established for 7 years
  • Current tenants are a gym, café, and barber shop
  • All leases are renewable 3-year terms with 5% annual rent increases
  • Current cap rate is approximately 6.2%, with a stabilized projection of 8.2%

Contact Info

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