Net-Leased Retail
For Sale
Contact for pricing
Pending
11600 Overseas Highway, Marathon, FL 33050
NNN lease with tenant responsibility for taxes, insurance, and maintenance, plus a new roof installed in 2018.
Property SizeContact for details
Days on Market116
Property Features for 11600 Overseas Highway
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
4.6%
Building Details
Year Renovated
2018
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Schmitt Real Estate Company Marathon
(305) 942-6069
Listed By:
Sam Williams · License #FL
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 4 at 11:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Schmitt Real Estate Company Marathon
Investment Insights
Based on property information with market context.
This net-leased retail building is offered with an in-place lease that extends to 2032. The tenant is also willing to sign an additional 5-year option with a 10% rent increase, subject to the stated terms. The lease is structured as NNN, with no expenses to the owner for taxes, insurance, and property maintenance, and the tenant has maintained the property since 1994.
The property has undergone recent improvements, including a full building remodel and additional renovations noted through 2020. Updates include a new roof completed in 2018, new interior walls and paint, electrical and lighting upgrades, insulation improvements, breaker box replacements, an updated bathroom, and the addition of an extra bathroom in 2018.
The building is located directly off US 1, just south of the Vaca Cut Bridge.
The property has undergone recent improvements, including a full building remodel and additional renovations noted through 2020. Updates include a new roof completed in 2018, new interior walls and paint, electrical and lighting upgrades, insulation improvements, breaker box replacements, an updated bathroom, and the addition of an extra bathroom in 2018.
The building is located directly off US 1, just south of the Vaca Cut Bridge.
Key Highlights
- NNN lease structure with tenant responsible for taxes, insurance, and property maintenance (approx. $35,000 annually)
- Lease end is 2032; tenant also willing to sign a 5‑year option with a 10% rent increase to provide a 4.6% cap
- Tenant has remodeled the entire building and added additional renovations by year end 2020
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 33050, FL
10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN lease with tenant responsibility for taxes, insurance, and maintenance, plus a new roof installed in 2018.
Where is this nnn property located?
The property is located at 11600 Overseas Highway Marathon, FL.
What are key features of this property?
This property features: NNN lease structure with tenant responsible for taxes, insurance, and property maintenance (approx. $35,000 annually); Lease end is 2032; tenant also willing to sign a 5‑year option with a 10% rent increase to provide a 4.6% cap; Tenant has remodeled the entire building and added additional renovations by year end 2020
