1 W Sunrise Blvd - Drug Store FOR SALE


Fort Lauderdale, FL 33311- South Middle River
$2,750,000 USD
561-371-7616
1 W Sunrise Blvd, Fort Lauderdale, FL for Sale
$2,750,000 USD
Drug Store - FOR SALE
1/4
null | 6.82% Cap Rate

1 W Sunrise Blvd
Fort Lauderdale, FL 33311
South Middle River


HIGHLIGHTS

  • NN+ Walgreens investment with minimal landlord responsibilities
  • Strong national tenant with long-term income stream
  • 6.8% cap rate | $187,500 annual NOI
  • Prime Fort Lauderdale location with excellent visibility
  • Tenant covers taxes, insurance, CAM, and HVAC
  • Located in income-tax-free Florida

OVERVIEW

Exceptional net lease investment opportunity now available in Fort Lauderdale, Florida - a high-visibility Walgreens NN+ property offering long-term, stable income. This ±13,905 SF freestanding retail building is situated on a ±1.34-acre signalized corner lot at the intersection of Sunrise Boulevard and Andrews Avenue, providing excellent access and exposure in a heavily trafficked corridor. Built in 2000, the property is leased to Walgreens, a national credit tenant, under a NN+ lease where the tenant is responsible for taxes, insurance, CAM, and HVAC. Enjoy limited landlord responsibilities, making this a low-maintenance, high-yield investment. This rare single-tenant net lease retail asset benefits from strong demographics, dense surrounding development, and a proven retail location in one of South Florida’s most dynamic markets. A full Offering Memorandum (OM) is available upon request. Please contact Bruce Corn at bcorn@mhcreal.com or 561 471 8000 for details.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

6.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,536 SF

ZONING

CB

APN/PARCEL ID

49-42-34-04-8990

ASK ABOUT THIS PROPERTY

Bruce CornNAI/Merin Hunter Codman, Inc.More Info
561-371-7616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bruce CornNAI/Merin Hunter Codman, Inc.More Info
561-371-7616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.