This Winn Dixie Grocery Store is sold as a standalone store with potential Outparcel, NN. In April 2018 lease was renewed with mutually beneficial terms to Landlord and Tenant. This Winn Dixie store has had substantial Tenant renovations to add a Liquor Store. The Vehicle count 32,500 per day. Recent Lease extension of 5 Years with 4 additional 5-year options. Newley resurfaced Parking Lot, extensive Roof renovation. 20 Year Historical Occupancy and Recent Lease Extension. Current NOI of $393,507 until 12/28/2023, 6% CAP Rate. On or before December 29, 2023, NOI will increase to $532,984 with a CAP Rate of 8.06 %. Above Average Store with Healthy Rent-to-Sales Ratio. This Location Serves Wine, Beer, and Liquor and Features a Pharmacy.View Virtual Tour
Central Building A/C, Exhaust Fans, Reverse Cycle
Other Roof, Various Material(S) Roof
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of July 20th, 2019 at 8:09am CDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2019 MLS of RAMB.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing