For Sale
$9,600,000

1006 Hallandale Bch BlvdHallandale Beach, FL 33009

Luxury Italian Restaurant, 6,358 SF, 10-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • High-visibility ground floor space totaling 6,358 SF with outdoor terrace, situated on E Hallandale Beach Blvd.
  • Brand new construction (2024 completion) within a luxury residential community.
  • $2.5M+ in high-end build-out featuring custom finishes and state-of-the-art back-of-house systems.
  • Grand opening scheduled for April 2025.

Property Details for 1006 Hallandale Bch Blvd

Property type
Retail properties, Restaurants
Square Feet
6,358 SF
Class
A
Year Built
2024
Stories
1
Units
3

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.985626995601
Longitude
-80.13750745399
1006 Hallandale Bch Blvd, Hallandale Beach, Florida

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1006 Hallandale Bch Blvd
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