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1620 Avenue E
West Palm Beach, FL 33404
Asking Price
$750K
Cap Rate
6.03%
Asset Type
Storefront Retail
Class
Class B
What's Special
Multi Tenant Retail | 7.5% CAP Proforma | 4146sf | .31 AC | 18 Parking <h3>Investment Highlights</h3><ul><li>Five-unit retail center totaling 4,146 SF</li><li>Average rental rate of $1,347 per month</li><li>Four occupied units and one vacant unit</li><li>83% occupied with immediate leasing upside</li><li>Average suite size approximately 860 SF</li><li>Existing tenants on Modified Gross leases</li><li>Annual contractual rent increases of 5%</li><li>Tenants contribute toward utilities and operating expense increases</li><li>Direct exposure to Riviera Beach r
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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911
