3 Coastal Retail Units – Fully Leased Investment - Business for Sale
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Coastal Retail Property with 3 Leased Units in Palm Beach, FL
Palm Beach, FL, US
Added 9 months ago
Retail Stores with Gym, Café, and Barber Shop Tenants
7 years in business
Absentee / Semi-Absentee
Three fully leased retail units in Lake Worth Beach, FL, built in 2018, with tenants including a gym, café, and barber shop on renewable leases with annual rent escalations.
Key Information
Asking
$1.7M
Revenue
–
Earnings
–
Multiple
–
Key Highlights
- Three fully leased commercial units totaling 3,415 sq. ft.
- Built in 2018
- Current annual rent: $105,600
- Projected year 5 rent: $128,359
- Current cap rate: approximately 6.2%
- Stabilized projection cap rate: 8.2%
- All units on renewable 3-year leases with 5% annual rent increases
- CAM is $755 per month and includes taxes, insurance, and HOA
- Tenants: gym, café, and barber shop
- Years established: 7
Contact Info
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