5690 Bayshore Road

    5950, FL 33917
    • $6,600,000
    • STATUS: Active
    • ON SITE: 45 days
    • MLS #: A10558674
    UPDATED: 65 min ago
    $6,600,000
    • 0
      BEDS
    • 6.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1999
    County:
    Area:

    School Ratings & Info

    Description

    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.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. 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. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-11T11:42:12.097.
    www.miamilifestyle.com/homes/88900221

    5690 Bayshore Road 5950, FL 33917

    • Price: $6,600,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: A10558674
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.84
    Acres
    1999
    Built
    Neighborhood:
    5950
    County:
    Other
    Area:
    5950
    Property Description
    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.
    Exterior Features

    Construction Type Cbs Construction Num Loading Doors 2 Num Parking Spaces 300 Parking Description Common ParkingHandicap Parking Road Type Description Three Lane Roof Description Other RoofVarious Material(S) Roof Waterfront Property Yn No

    Interior Features

    Ceiling Description ExposedCeiling Height Varies Cooling Description Central Building A/CExhaust FansReverse Cycle Floor Description Ceramic FloorConcrete FloorsVinyl Floors Heating Description Central Electric Interior Ceiling Height 20.0000 Maximum Ceiling Height 20.0000 Num Offices 3

    Property Features

    Approximate Lot Size 268066 Electric Service Over 200 Amps Fire Protection Smoke DetectorSprinklers Flood Zone X And 7Ft Ae Information Available Other Available InformationExisting Survey Lease Term Info 4 To 6 Year LeaseLease Renewal Location Of Property Anchored CenterShopping Center Num Bays 1 Property Description Commercial Property Reo YN No Sale Includes Building & Land Sale Includes Incl Leases Section 36 Sewer Description Public Sanitation Short Sale Yn No Special Information Corporation Owned Property Style Of Property Commercial Retail Subdivision Complex Bldg Winn Dixie Store Tax Year 2018 Terms Considered All CashConventional/Refinance Typeof Property Commercial Water Description Public Water Year Built Description Resale

    Listing courtesy of Douglas Elliman.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. 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. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-11T11:42:12.097.
     
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