1006 Hallandale Bch Blvd Hallandale Beach, FL 33009
- Retail properties
- 6,358 SF
Current Use by Public Records
- Retail properties
Property Details for 1006 Hallandale Bch Blvd
- Year built
- 2024
- Property size
- 6,358 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: a newly constructed, 6,358 square foot Class A retail restaurant space in Hallandale Beach, Florida. This prime ground-floor location at 1006 E Hallandale Beach Blvd, within the Oasis Hallandale development, is occupied by the renowned Signor Sassi, a world-class Italian restaurant. The 10-year lease (commencing April 1, 2025, and expiring March 31, 2035) includes a corporate guarantee and 3% annual rent bumps. The property boasts a strong NOI of $576,000, resulting in a 6.00% cap rate. The asking price is $9,600,000 ($1,509.91/sq ft). Built in 2024, this single-story building features high-end finishes, a state-of-the-art back-of-house, and an outdoor terrace. The property is part of a luxury residential community and benefits from its prime location on E Hallandale Beach Blvd. The investment is structured as a sale-leaseback with a triple-net (NNN) lease. Four lease options are included. The property's APN is 5142 27 FC 0050, 5142 27 FC 0060, and 5142 27 FC 0070. The permitted zoning is CCB. This is a 100% occupied, single-tenant property with a significant build-out exceeding $2,500,000.
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Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1375
- Latitude
- 25.9856
