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327-329 Johnson St
Hollywood, FL 33019 Hollywood Beach-Quadoman

$4,232,000 USD

Storefront For Sale  •  2,800 SF

Property Details

  • Property Type Storefront
  • Total Building Size 2,800 SF
  • Lot Size 0.08 AC
  • Building Class C
  • Year Built 1957
  • Cap Rate 6.25 %
  • Tenancy Multiple
  • Zoning BRT-25
25 Transit Score
56 Walk Score

Highlights

Two-Tenant Net Leased Retail Building Located on Johnson Street Boardwalk
Anchored by Corporate Guaranteed Fat Tuesday’s Along with Popular Bike Rental Store that has Been in the Subject Property for Over 10 Years
Weighted Average Lease Term (WALT) is Over 6 Years with 3% Annual Rent Bumps
Bike Rental Tenant is Signing Agreement with Boba Drink Operator to Occupy Small Portion of Their Space
Subject Property Sits on Highly Coveted Johnson Street Boardwalk Which is a Pedestrian Only Street East of A1A Leading to the Beach
Next Door to Subject Property is the Entrance to a 600 Space Public Parking Garage Providing Constant Foot Traffic During Day and Evening Hours
Cap Rate: 6.25 %

Amenities

  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 11 min - 4.0 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 15 min - 5.1 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 20 min - 7.9 mi
Miami International 49 min - 30.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Tricia Lim 786-522-7086 Marcus & Millichap
Tricia Lim 786-522-7086 Marcus & Millichap