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Key West, FL NNN Properties for Sale

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Stock Island, FL Summerland Key, FL Big Pine 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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See what stands out in Monroe County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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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.

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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Florida City Educational Investment Opportunity
Florida City Educational Investment Opportunity

713 W Palm Drive, 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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Sherwin Williams NNN Retail Property
Sherwin Williams NNN Retail Property

10501 Overseas Hwy, Marathon, FL 33050

Contact for pricing
4,500 sqft

Occupied by Sherwin Williams with landlord responsibility limited to the roof, structure, and foundation.

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Net-Leased Retail Building
Net-Leased Retail Building

11600 Overseas Highway, Marathon, FL 33050

Contact for pricing

NNN lease with tenant responsibility for taxes, insurance, and maintenance, plus a new roof installed in 2018.

View details

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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