The Strand Entertainment Complex
- Seven Mile Beach, Cayman Islands
US$12,000,000
Property Description
- Area: 14,719 Sq. Ft.
- Acreage: 6.16
- Year Built:1997
- MLS#:415966
- View:Inland
- Type:Commercial
- Status:Current
The Strand Retail complex is perfectly positioned on West Bay Road, a few hundred feet from The Ritz with huge street frontage and visibility. This offering is for the full entertainment complex of 14,719 sq. ft., which includes tenants such as KFC, Silk Chinese Restaurant, Lillies nightclub, The Lodge and Spanglish. All leases are triple net, long term with good escalation clauses. Income offers a current ROI of 7% growing annually. Further to the current offer, there is a redevelopment opportunity which has already been given a green light by all members and is in the early planning stages.
Property Features
Kitchen Features
- Oven (No)
Interior Features
- AC (Multi-Zone)
Building Features
- City Water
Outdoor Features
- Water Frontage (No)
