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260 Crandon Blvd - The Square at Key Biscayne 1,044 - 1,109 SF Retail Condo Units Offered at $1,450,000 - $1,990,000 Per Unit in Key Biscayne, FL 33149
Investment Highlights
- NNN-leased retail at The Square of Key Biscayne, leased to successful tenants offering consistent cash flow with minimal owner responsibilities
- Located within an affluent and highly exclusive island community with strong demographics and purchasing power.
- Convenient direct access from Crandon Boulevard, Key Biscayne’s primary commercial corridor.
- Ideal opportunity for an investor or owner-user, including retail, office, bank, cafe, medical
Executive Summary
Attractive investment opportunity at The Square of Key Biscayne, secured by a NNN lease with a well-known cafe/gelateria. The Square of Key Biscayne is an established open-air shopping center strategically located at 260 Crandon Boulevard, the island’s primary commercial corridor. The center features approximately 55 commercial units and a diverse mix of restaurants, specialty retailers, boutiques, salons, medical providers, professional offices, and other neighborhood-serving businesses. Its central location, convenient customer parking, and direct access from Crandon Boulevard make The Square a well-known and frequently visited destination for Key Biscayne residents and visitors. The center benefits from its location within an affluent, highly desirable island community with limited commercial real estate inventory.
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3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 24-4232-022-0490 |
| Cap Rate | 5.73% |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.73% |
| APN/Parcel ID | 24-4232-022-0490 |
Description
Prime corner NNN retail unit located at The Square Shopping Center. Highly desirable end-cap space in an ideal location with great accessibility, ingress, and egress. This high visible space is located at the entrance of a shopping center with high foot traffic. Other tenants include restaurants, retailers, salons, and offices. Shopping center is located on Crandon Blvd, the main road in Key Biscayne.
Sale Notes
Unique investment opportunity featuring one of only two end-cap spaces at The Square of Key Biscayne. All income and expense information is presented on a pro forma basis and is based on estimated market assumptions.
| Sale Type | Investment | APN/Parcel ID | 24-4232-022-0120 |
| Cap Rate | 5.70% |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| APN/Parcel ID | 24-4232-022-0120 |
Description
The Square at Key Biscayne is a contemporary retail shopping center in a strategic location within Key Biscayne, featuring covered walkways, ample parking, and outdoor seating. Offered as a NNN investment with no landlord responsibilities. Tenant reimburses for all expenses.
Sale Notes
Well located retail unit The Square of Key Biscayne, secured by a NNN lease with a successful and well-known restaurant. Attractive investment opportunity for investors looking for consistent cash flow with minimal landlord responsibilities.
| Sale Type | Investment | APN/Parcel ID | 24-4232-022-0380 |
| Cap Rate | 5.70% |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| APN/Parcel ID | 24-4232-022-0380 |
Description
The Square at Key Biscayne is a contemporary retail shopping center in a strategic location within Key Biscayne, featuring covered walkways, ample parking, and outdoor seating. Offered as a NNN investment with no landlord responsibilities. Tenant reimburses for all expenses.
Sale Notes
Well located retail unit The Square of Key Biscayne, secured by a NNN lease with a successful and well-known cafe & gelateria. Attractive investment opportunity for investors looking for consistent cash flow with minimal landlord responsibilities.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A51 | 1,109 SF | Retail | $1,990,000 ($1,794.41/SF) | $114,000 |
| Unit C-14 | 1,044 SF | Retail | $1,450,000 ($1,388.89/SF) | $82,679 |
| Unit C40 | 1,044 SF | Retail | $1,450,000 ($1,388.89/SF) | $82,679 |
Unit A51
| Unit Size |
| 1,109 SF |
| Condo Use |
| Retail |
| Price |
| $1,990,000 ($1,794.41/SF) |
| NOI |
| $114,000 |
Unit C-14
| Unit Size |
| 1,044 SF |
| Condo Use |
| Retail |
| Price |
| $1,450,000 ($1,388.89/SF) |
| NOI |
| $82,679 |
Unit C40
| Unit Size |
| 1,044 SF |
| Condo Use |
| Retail |
| Price |
| $1,450,000 ($1,388.89/SF) |
| NOI |
| $82,679 |
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Unit A51
| Unit Size | 1,109 SF |
| Condo Use | Retail |
| Price | $1,990,000 ($1,794.41/SF) |
| NOI | $114,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.73% |
| APN/Parcel ID | 24-4232-022-0490 |
| Description | |
| Prime corner NNN retail unit located at The Square Shopping Center. Highly desirable end-cap space in an ideal location with great accessibility, ingress, and egress. This high visible space is located at the entrance of a shopping center with high foot traffic. Other tenants include restaurants, retailers, salons, and offices. Shopping center is located on Crandon Blvd, the main road in Key Biscayne.</li></ul> | |
| Sale Notes | |
| Unique investment opportunity featuring one of only two end-cap spaces at The Square of Key Biscayne. All income and expense information is presented on a pro forma basis and is based on estimated market assumptions.</li></ul> |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C-14
| Unit Size | 1,044 SF |
| Condo Use | Retail |
| Price | $1,450,000 ($1,388.89/SF) |
| NOI | $82,679 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| APN/Parcel ID | 24-4232-022-0120 |
| Description | |
| The Square at Key Biscayne is a contemporary retail shopping center in a strategic location within Key Biscayne, featuring covered walkways, ample parking, and outdoor seating. Offered as a NNN investment with no landlord responsibilities. Tenant reimburses for all expenses.</li></ul> | |
| Sale Notes | |
| Well located retail unit The Square of Key Biscayne, secured by a NNN lease with a successful and well-known restaurant. Attractive investment opportunity for investors looking for consistent cash flow with minimal landlord responsibilities.</li></ul> |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C40
| Unit Size | 1,044 SF |
| Condo Use | Retail |
| Price | $1,450,000 ($1,388.89/SF) |
| NOI | $82,679 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| APN/Parcel ID | 24-4232-022-0380 |
| Description | |
| The Square at Key Biscayne is a contemporary retail shopping center in a strategic location within Key Biscayne, featuring covered walkways, ample parking, and outdoor seating. Offered as a NNN investment with no landlord responsibilities. Tenant reimburses for all expenses.</li></ul> | |
| Sale Notes | |
| Well located retail unit The Square of Key Biscayne, secured by a NNN lease with a successful and well-known cafe & gelateria. Attractive investment opportunity for investors looking for consistent cash flow with minimal landlord responsibilities.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Property Manager on Site
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Moderately bikeable
60/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Bank of America |
-
|
December 2017
|
| Freddo Gelato |
-
|
April 2035
|
Nearby Major Retailers
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
Contact the Sale Advisor
260 Crandon Blvd - The Square at Key Biscayne