Urban-High Street
Hollywood Beach Retail
327 Johnson St, Hollywood, FL 33019
Listing Price: $4,232,000
Investment Overview
Marcus & Millichap is pleased to announce for sale, Hollywood Beach Retail, a two-tenant net leased retail building located on Johnson Street Boardwalk in Hollywood Beach, Florida.
Hollywood Beach Retail
Investment Highlights
- Two-Tenant Net Leased Retail Building Located on Johnson Street Boardwalk
- Anchored by Corporate Guaranteed Fat Tuesday's Along with Popular Bike Rental Store that has Been in Business Since 2009 and in the Subject Property for Over 10 Years
- Weighted Average Lease Term (WALT) is Over 6 Years with 3% Annual Rent Bumps
- Bike Rental Tenant is Signing Agreement with Boba Drink Operator to Occupy Small Portion of Their Space, Landlord Will Receive 20% of Monthly Net Profits, which have Not Been Included in Current Income
- Subject Property Sits on Highly Coveted Johnson Street Boardwalk Which is a Pedestrian Only Street East of A1A Leading to the Beach and is Adjacent to Margaritaville Hotel
- Next Door to Subject Property is the Entrance to a 600 Space Public Parking Garage Providing Constant Foot Traffic During Day and Evening Hours
- To the East of the Subject Property is the Hollywood Beach Theater and Plaza, an Outdoor Venue With Weekly Music and Community Events Drawing Customers to Johnson Street
Listing Price: $4,232,000
Investment Highlights
- Two-Tenant Net Leased Retail Building Located on Johnson Street Boardwalk
- Anchored by Corporate Guaranteed Fat Tuesday's Along with Popular Bike Rental Store that has Been in Business Since 2009 and in the Subject Property for Over 10 Years
- Weighted Average Lease Term (WALT) is Over 6 Years with 3% Annual Rent Bumps
- Bike Rental Tenant is Signing Agreement with Boba Drink Operator to Occupy Small Portion of Their Space, Landlord Will Receive 20% of Monthly Net Profits, which have Not Been Included in Current Income
- Subject Property Sits on Highly Coveted Johnson Street Boardwalk Which is a Pedestrian Only Street East of A1A Leading to the Beach and is Adjacent to Margaritaville Hotel
- Next Door to Subject Property is the Entrance to a 600 Space Public Parking Garage Providing Constant Foot Traffic During Day and Evening Hours
- To the East of the Subject Property is the Hollywood Beach Theater and Plaza, an Outdoor Venue With Weekly Music and Community Events Drawing Customers to Johnson Street
Investment Overview
Marcus & Millichap is pleased to announce for sale, Hollywood Beach Retail, a two-tenant net leased retail building located on Johnson Street Boardwalk in Hollywood Beach, Florida.
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