11220 SE Federal Hwy

Investment Highlights

Great location on Federal Highway/US Highway 1 Mixed Use Hobe Sound CRA Great access and exposure Short Term Leases

Executive Summary

This Sale includes a Freestanding Restaurant Building (former restaurant) on .30 acres and Two Duplexes on a contiguous residential parcel on .344 acres of land. The Commercial Building is currently leased until January 2025 at $4,000/mth ($48,000/yr) NNN. The Residential Buildings have total income of approximately $72,000 per year with expenses of $16,000 per year with NOI of $56,000. The Commercial Building fronts Federal Highway/US Highway 1 and is at the corner of Federal Highway and Windham Street. The Commercial Building was former restaurant with existing kitchen equipment including a hood system and grease trap and fenced in rear storage parking area, 8 parking spaces in front and additional parking on street of service road. The Residential parcel consists of 4 total units within 2 buildings and all units are occupied on short term leases (less than 1 year) for maximum flexibility. Units are 2/1. Rents range from $1,300 to $1,675 per month. Total Income is approximately $72,000 per year. Properties are located in the Hobe Sound CRA district and many available uses.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Retail/Office Industrial Service Office Office Residential Restaurant
• Building Size    1,560
• Building Class    B
• Year Built/Renovated    1976/2015
• Price    1,550,000
• Price Per SF    994
• Cap Rate    6.65
• NOI    103,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    0.31 AC

• Bus Line
• Corner Lot
• Fenced Lot
• Signage
• Air Conditioning