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| Price $1,786,000 | Built/Renov 1990 | Tenant Sweet Basil Cafe |
| Cap Rate 7.25% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
5,150
| Lease Start
11-09-2024
| #Units
8
|
| Price/SF $346.80 | Expiration
11-30-2035
| Tenant Type Casual Dining |
| NOI $129,485 | R. Term 11.2 | Ownership Fee Simple |
| Rent/SF
$25.14
| Increases 9.0%/3/yrs | Pop 5Mi 258,890 |
| Lot/AC 0.76 | Options 2/5yrs/10% | AHHI 5Mi $118,320 |
| | |
Sweet Basil Cafe is strategically located at the signalized, hard corner intersection of Barrington Road and Tower Drive, with access to a combined daily traffic count of 31,800 vehicles. The property is situated on an outparcel in Westview Center Shopping Mall, enhancing its visibility and accessibility. Furthermore, it is in the center of a dense retail corridor with well-known national...
...Signalized intersection
Roof guarantee
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Corporate Guarantee
Basil Group, LLC (dba Sweet Basil Cafe) is a family-owned and operated Greek/American cafe restaurant chain. Their restaurants feature a diverse range of breakfast, lunch, dinner, and catering...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
