PROPERTY DETAILS
1002 E Hallandale Beach Blvd #2-101 Hallandale Beach, FL 33009
10,125 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 10,125 sqft
Price per Sqft $1,283
MLS Listing ID A12040396
HOA Y/N No
Year Built 2024
Annual Tax Amount $38,189
Lot Size 10,125 Sqft
Property Sub-Type Condominium
Property Description
Incredible passive income opportunity in the heart of Hallandale Beach! Acquire a prime, 10,125 SF trophy commercial retail asset for $13,000,000, featuring a rock-solid 6% Cap Rate. This hands-off investment is structured as an absolute 20-year Triple Net (NNN) Sale-Leaseback, where the Tenant covers all rent, insurance, taxes, and maintenance.
The subject property comprises four premium contiguous units (2-101, 2-102, 2-103, and 2-104) built in 2023 within the prestigious, high-end Oasis Hallandale mixed-use development.
The property is occupied by KC Market, a highly successful and established kosher supermarket operator. Founded in 2009, KC Market consistently operates three high-volume locations across South Florida (Hollywood, Hallandale, and Boynton Beach).
Property & Investment Highlights:
Asking Price: $13,000,000
Initial Annual NOI: $780,000 ($65,000/month)
Cap Rate: 6.00%
Lease Term: 20 Years (Absolute NNN)
Total Area: 10,125 SqFt (Units 2-101 through 2-104)
Year Built: 2023 (Modern, high-end construction)
Location Synergy: Surrounded by world-class amenities, including Shell Bay Golf Club, Gulfstream Park Racing, and the Diplomat Mall, driving massive local and hospitality traffic.
Secure a generational, inflation-resistant South Florida commercial asset with an elite, long-term tenant already in place.
Location
State FL
County Broward
Area 3040
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Others
Tax ID 514227FA0110
Ownership Limited Partnership
Security Features Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange, Lease Back
Listing Terms Cash, Conventional, 1031 Exchange, Lease Back
Special Listing Condition Corporate Listing
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