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For Eyes Optical - Pembroke Pines FL 12890 Pines Blvd 2,300 SF Retail Building Pembroke Pines, FL 33027 $2,300,000 ($1,000/SF) 5.50% Cap Rate
Investment Highlights
- Corporate-Backed Lease | Below Market Rent | Long Term Tenancy
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area
- NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Prime Pembroke Pines Retail Corridor | Outparcel to Walmart SuperCenter
Executive Summary
• Corporate-backed lease with Luxottica of America Inc., part of EssilorLuxottica the world’s largest eyewear company
• Tenant has operated at this location since 1998 (27+ years)
• The tenant is currently paying below market rents in Broward County
• Tenant has operated at this location since 1998 (27+ years)
• The tenant is currently paying below market rents in Broward County
Property Facts
Sale Type
Investment
Property Type
Building Size
2,300 SF
Building Class
C
Year Built
2000
Price
$2,300,000
Price Per SF
$1,000
Cap Rate
5.50%
NOI
$126,492
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.46 AC
Zoning
B-3 - General Business
Parking
10 Spaces (4.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-40-14-02-0360 | Improvements Assessment | $289,050 |
| Land Assessment | $501,290 | Total Assessment | $790,340 |
Property Taxes
Parcel Number
51-40-14-02-0360
Land Assessment
$501,290
Improvements Assessment
$289,050
Total Assessment
$790,340
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For Eyes Optical - Pembroke Pines FL | 12890 Pines Blvd
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