Rare opportunity to acquire a 100% NNN Commissary Kitchen and Entertainment Venue.
Commissary kitchens are in very high demand and short supply. Food delivery is a multi-billion dollar industry with high barriers to entry as commissary/ghost kitchens are very expensive to replicate and hard to locate close to central business districts. The subject property features an irreplaceable location, which is centrally located East of I-95 and close enough to service Downtown Fort Lauderdale, Oakland Park and Wilton Manors all within a short 15-20 minute drive radius.
The subject property features two tenants, both with seasoned tenures at the subject property creating stability and credit in the rent roll. The property features ample on-site surface parking, as well as loading bays at dock height for ease of food and supply deliveries.
Address: 4351 NE 12th Terr., Oakland Park, FL 33334
Building: 32,436 sq. feet
Land: 82,734 sq. feet
Cap Rate: 5.32%
Lese Format: NNN