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12890 Pines Blvd
Pembroke Pines, FL 33027
For Eyes Optical - Pembroke Pines FL · Retail Property For Sale
Investment Highlights
- Corporate-Backed Lease | Below Market Rent | Long Term Tenancy
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area
- NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Prime Pembroke Pines Retail Corridor | Outparcel to Walmart SuperCenter
Executive Summary
• Corporate-backed lease with Luxottica of America Inc., part of EssilorLuxottica the world’s largest eyewear company
• Tenant has operated at this location since 1998 (27+ years)
• The tenant is currently paying below market rents in Broward County
• Tenant has operated at this location since 1998 (27+ years)
• The tenant is currently paying below market rents in Broward County
Property Facts
Sale Type
Investment
Property Type
Building Size
2,300 SF
Building Class
C
Year Built
2000
Price
$3,199,967 CAD
Price Per SF
$1,391.29 CAD
Cap Rate
5.50%
NOI
$175,987 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.46 AC
Zoning
B-3 - General Business
Parking
10 Spaces (4.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 51-40-14-02-0360 | Improvements Assessment | $402,152 CAD |
| Land Assessment | $697,440 CAD | Total Assessment | $1,099,592 CAD |
Property Taxes
Parcel Number
51-40-14-02-0360
Land Assessment
$697,440 CAD
Improvements Assessment
$402,152 CAD
Total Assessment
$1,099,592 CAD
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