2457 East Sunrise Boulevard, #CU1G-K, Fort Lauderdale, FL for sale

Investment Overview

Introducing a prime investment opportunity at the heart of Fort Lauderdale, this 9,253 SF property presents an exceptional investment prospect for investors. With a strong, long-term tenant in place, this well-maintained building offers a stable income stream and a hassle-free investment. Its spacious layout and strategic location in the thriving Fort Lauderdale area make it an attractive choice for investors seeking a secure and lucrative addition to their portfolio.

Investment Highlights

• 9,253 square foot high end, ground floor, ornately decorated, and fully fixtured restaurant and bar.
• Tenant, Lasso Gaucho, entering the 5th year of a 10-year lease with 2, 5-year options (Gross Lease)
• In Place NOI $200,374.00 and 6.07 % CAP RATE with potential upside from percentage rent.
• Condo ownership includes a majority of all furnishings, fixtures, and equipment in the restaurant.
• Valet parking, 10 reserved spaces, 25 unassigned parking spaces and plentiful street parking available.