1st Floor - Unit A&F
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Retail
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2,400 SF
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$1,495,000 USD
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Unit Size: 2,400 SF
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Condo Use: Retail
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Price: $1,495,000 USD
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Sale Type: Investment
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Price/SF: $622.92 USD
Description
NNN Investment Sale with a historically long-term tenant (since 2010). Highly experienced business operator in the restaurant industry (bar, club, hookah lounge).
Current lease expires in October 31, 2030, with two additional 5-year options through October 31, 2040, showing the tenant’s commitment to its location.
Expected rent increase of 10% on November 1, 2026, bringing the new NOI to $102,538.92.
There are no landlord responsibilities. Tenant pays all operating and pass-through costs.
The sale includes one deed for each condo unit (totaling two deeds, which can be separately sold/leased in the future, if desired).
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