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Key West, FL NNN Properties for Sale

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Stock Island, FL Summerland Key, FL Cudjoe Key, FL
Leased Restaurant and Bar Property
Updated: Jun 5
Leased Restaurant and Bar Property

2-404 Southard St, Key West, FL 33040

$3,295,000
Large restaurant and bar currently rented on a triple‑net basis for $18,000 NNN per month
Lease has over three years remaining
Effective rebuild date of the building is 2005
Present tenant may be negotiable
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Key West, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Taco Bell Restaurant
Taco Bell Restaurant

13610 SW 288th St, Homestead, FL 33033

$6,682,000
1,802 sqft

A corporate guarantee supports the long-term absolute NNN lease, which includes annual increases.

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Three-Story School Campus
Three-Story School Campus

713 W Palm Drive, Florida City, FL

$10,900,000
30,421 sqft 2.94 AC lot

Purpose-built educational facility under an absolute NNN lease with scheduled annual escalations and a long-term renewal option.

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Fully Leased Retail Center
Fully Leased Retail Center

1 S Krome Ave, Homestead, FL 33030

$3,000,000
0.32 AC lot

Eleven occupants operate under NNN lease structures in this neighborhood shopping property.

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Florida City Educational Investment Opportunity
Florida City Educational Investment Opportunity

713 W Palm Dr, Florida City, FL 33034

$10,900,000
30,421 sqft 1.47 AC lot

Single tenant NNN K12 campus with expansion potential.

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Key West, FL Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Key West, FL on our real estate platform.

Sale prices for triple net lease properties in Key West, FL average $3,295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 36K
Population Growth (5Y) +3.8%
Median Household Income $79,038
College Educated 17.6%

High-Yield Neighborhoods for Investment

Identify Key West submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
33040 $3.3M

Taxes & Financing

Tax Rate (average for all types) 0.71%
Property Tax per SF $10.90 per SF
Tax Rate vs County Average 0.03 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monroe County

New Delisted

Total CRE Inventory on Market (SF)

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