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Dennis Lue Yat

dennis@luxeiq.com +1(561) 589-1400

$13,000,000

Est. payment - /mo

10,125 SqFt

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,125 sqft

Price per Sqft $1,283

MLS Listing ID A12040396

Construction Status New Construction

HOA Y/N No

Year Built 2024

Annual Tax Amount $38,189

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Retail

Property Description

Premier 6% Cap Rate NNN Sale-Leaseback | Oasis Hallandale Retail | 20-Year TermIncredible passive income opportunity in the heart of Hallandale Beach! Acquire a prime, 10,125 SF trophy commercial retail asset for $13,000,000, featuring a rock-solid 6% Cap Rate. This hands-off investment is structured as an absolute 20-year Triple Net (NNN) Sale-Leaseback, where the Tenant covers all rent, insurance, taxes, and maintenance.The subject property comprises four premium contiguous units (2-101, 2-102, 2-103, and 2-104) built in 2023 within the prestigious, high-end Oasis Hallandale mixed-use development.The property is occupied by KC Market, a highly successful and established kosher supermarket operator. Founded in 2009, KC Market consistently operates three high-volume locations across South Florida (Hollywood, Hallandale, and Boynton Beach).Property & Investment Highlights:Asking Price: $13,000,000Initial Annual NOI: $780,000 ($65,000/month)Cap Rate: 6.00%Lease Term: 20 Years (Absolute NNN)Total Area: 10,125 SqFt (Units 2-101 through 2-104)Year Built: 2023 (Modern, high-end construction)Location Synergy: Surrounded by world-class amenities, including Shell Bay Golf Club, Gulfstream Park Racing, and the Diplomat Mall, driving massive local and hospitality traffic.Secure a generational, inflation-resistant South Florida commercial asset with an elite, long-term tenant already in place.

Location

State FL

County Broward

Community Shopping

Area 3040

Zoning CCB

Interior

Interior Features InteriorFeatures

Heating Electric

Cooling Central Air

Fireplace No

Exterior

Community Features Shopping

Water Access Desc Public

Building

Dwelling Type Retail

Story 1

Sewer Public Sewer

Water Public

New Construction Yes

Construction Status New Construction

Others

Tax ID 514227FA0110

Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, Lease Back

Listing Terms Cash, Conventional, 1031 Exchange, Lease Back

Special Listing Condition Corporate Listing

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Listed by Federico Rotundo Rotundo Bros Miami Real Estate

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Dennis Lue Yat

+1(561) 589-1400

Broker | REALTOR® | SL3301099

Broker | REALTOR® SL3301099

Popular Cities & Towns In Palm Beach County

1002 E Hallandale Beach BLVD #2101 Hallandale Beach, FL 33009

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

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