Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdlesespecially in urban areas. Located just east of I 95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 1520 minute drive.
The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, theres potential for owner occupancy. Features include dock height loading bays and ample surface parking, ensuring operational efficiency.
This turnkey asset combines strong cash flow with long term flexibility in a high growth, supply constrained South Florida market.
Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdlesespecially in urban areas. Located just east of I 95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 1520 minute drive.
The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, theres potential for owner occupancy. Features include dock height loading bays and ample surface parking, ensuring operational efficiency.
This turnkey asset combines strong cash flow with long term flexibility in a high growth, supply constrained South Florida market.
Features
Building and Construction
Maximum Leasable Sqft: 32436
Typeof Building: Store/Warehouse Combination, Warehouse Space
Property Information
Transaction Type Mlx: Sale
Typeof Property: Industrial
Land Information
Lot Sq Footage: 82734
Total Acreage: 1.8992
Finance and Tax Information
Tax Year: 2024
Other Features
Board Identifier: BeachesMLS
Country: United States
Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Legal Description: 23-49-42 COMM AT NW1/4 COR OF SEC 23, W 50 S 104.78 TO POB, CONT S 255, W 323.80 TO E R/W/L OF FEC R/R, N 255 ALG E R/W/L, E 325.07 TO POB
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