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Hollywood Beach Retail 327-329 Johnson St 2,800 SF 100% Leased Retail Building Hollywood, FL 33019 $5,907,534 CAD ($2,109.83 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Two-Tenant Net Leased Retail Building Located on Johnson Street Boardwalk
- Weighted Average Lease Term (WALT) is Over 6 Years with 3% Annual Rent Bumps
- Subject Property Sits on Highly Coveted Johnson Street Boardwalk Which is a Pedestrian Only Street East of A1A Leading to the Beach
- Anchored by Corporate Guaranteed Fat Tuesday’s Along with Popular Bike Rental Store that has Been in the Subject Property for Over 10 Years
- Bike Rental Tenant is Signing Agreement with Boba Drink Operator to Occupy Small Portion of Their Space
- Next Door to Subject Property is the Entrance to a 600 Space Public Parking Garage Providing Constant Foot Traffic During Day and Evening Hours
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to announce for sale, Hollywood Beach Retail, a two-tenant net leased retail building located on Johnson Street Boardwalk in Hollywood Beach, Florida.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
1957/2014
Price
$5,907,534 CAD
Price Per SF
$2,109.83 CAD
Cap Rate
6.25%
NOI
$369,221 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.08 AC
Zoning
BRT-25 - Commercial Business
Frontage
42’ on Johnson Street
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 51-42-12-01-0360 | Improvements Assessment | $954,753 CAD |
| Land Assessment | $220,513 CAD | Total Assessment | $1,175,267 CAD |
PROPERTY TAXES
Parcel Number
51-42-12-01-0360
Land Assessment
$220,513 CAD
Improvements Assessment
$954,753 CAD
Total Assessment
$1,175,267 CAD
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Hollywood Beach Retail | 327-329 Johnson St
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