NNN Commercial Property in Tavernier, FL
Description
This Tavernier NNN commercial property offers a rare multi-tenant net lease investment in Tavernier, FL, delivering stable, passive income anchored by a national tenant on a long-term NNN lease. The property is fully occupied and provides investors with diversified cash flow across multiple commercial uses, including retail, office, and service-oriented space.
Positioned on one of the largest commercially zoned parcels along the main highway corridor serving the Upper Keys, the property benefits from exceptional frontage and visibility. High daily traffic exposure along this primary route supports long-term tenant performance and enhances the site’s overall market presence.
The improvements feature durable concrete block construction and have been consistently maintained, supporting long-term operational reliability. Generous on-site parking accommodates customers, employees, equipment, and light commercial fleets, adding functional value for a wide range of tenants.
With Highway Commercial zoning in place, the asset allows for broad permitted uses, including retail, service, office, and specialty commercial operations. Combined with a strong national anchor, long-standing local tenants, and redevelopment flexibility, this offering represents a trophy investment opportunity in a supply-constrained coastal market.
Investment Highlights
• National Anchor Tenant – Long-term NNN lease providing passive income stability
• Diversified Tenant Mix – Six additional occupied retail, office, and restaurant spaces
• Long-Term Occupancy – Local tenants in place for over 15 years
• Prime Highway Exposure – Extensive frontage along a major Upper Keys corridor
• High-Visibility Parcel – One of the largest commercial sites in the area
• Flexible Zoning – Highway Commercial zoning allows a wide range of uses
• Well-Maintained Improvements – Solid construction with ample on-site parking
Address
Overview
- Property ID 14691
- Price $6,500,000
- Property Type Industrial, Office, Retail
- Property status For sale
- Year Built 1955
- Size 12,760 SqFt
- Sub Type Shopping Center, Storefront
- Investment Type Net Lease
- Investment Sub Type Investment
- Class B
- Lease Type NNN
- Tenancy Multi
- Number of Tenants 6
- Lease Term 20 years
- Remaining Term 18 years
- Net Rentable (SqFt) 12,760
- Cap Rate 4.00%
- Occupancy 100%
- Occupancy Date 07/01/2018
- Year Renovated 1995
- Stories 1
- Lot Size (SqFt) 70,872
