4111 S Ocean Dr
Hollywood, FL 33019 Hollywood Beach-Quadoman

• Unit Size: 6,000 SF
• Condo Use: Retail
• Price: $4,435,894 USD
• Sale Type: Investment
• Price/SF: $739.32 USD

Description

HYDE NN RETAIL Welcome to Hyde NN Retail, a remarkable retail property for sale located at 4111 South Ocean Drive. Situated on the 9th floor of the prestigious Hyde Beach building, this property offers a unique opportunity for investors and business owners alike. With a spacious 6,000 square feet of space, this property is currently occupied by the highly sought-after Terrazas Restaurant/Pool Bar. Not only does Terrazas enjoy exclusive rights to serve food and beverage throughout the entire building, but it also has the only pool onsite, attracting a steady flow of customers year-round. One of the standout features of this property is Terrazas' below-market rent, providing a significant value-add opportunity for the savvy investor. Additionally, with 30 parking spaces available for clients and the tenant responsible for HOA fees, the potential return on investment is truly impressive. This retail gem comes with a lease that offers stability, with a base term of 4 years and two 5-year extension options. Furthermore, rental income is set to increase by 4% annually, ensuring long-term profitability. Don't miss your chance to acquire this prime retail property at Hyde NN Retail. Contact us today to seize this incredible investment opportunity!

DOWNLOAD BROCHURE- https://facommercial.com/properties/?propertyId=1247238-sale

Sale Notes

Terrazas rent is well under market, providing a huge value add opportunity
Terrazas has exclusive right to serve food and beverage in the entire building
Tenant also pays HOA fees (HOA: $53,351)
30 parking spaces available for clients
Two 5-year options
Increases: 4%
RE Tax: $30,000