1531 N Federal Hwy - Drug Store FOR SALE
Hollywood, FL 33020 |
$2,256,571 USD
305-707-0969
1531 N Federal Hwy
Hollywood, FL 33020
HIGHLIGHTS
- Absolute NNN Lease | Recent 10-Year Extension at Tenant's Request | Corporate Guarantee | 10% Rent Increases Every 5 Years
- Substantial Tenant Improvement | All Renovations At Tenant's Own Cost & Expense | Est. $750,000+
- Located on US Hwy 1 | 32,570+ VPD | 1-Mile to Downtown Hollywood - $1.5+ Billion in Active Projects
- Infill Location | 23,802 Residents (1 Mi) | 140,729 Residents (3 Mi) | Close to Numerous Residential Developments
- Affluent Area | $87,175 Avg HH Income (1 Mi) | $104,729 Avg HH Income (3 Mi)
- Strong Daytime Workforce Population | 11,437 Employees (1 Mi) | 82,763 Employees (3 Mi)
FOR SALE DETAILS
PRICE
$2,256,571 USD
PRICE/SF
$632 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Health Club
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,506 SF
ZONING
FH-2
APN/PARCEL ID
51-42-10-12-0180
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305-707-0969
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305-707-0969
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