1735 N Federal Hwy - Storefront FOR SALE


Hollywood, FL 33020- Royal Poinciana
$3,000,000 USD
954-331-1726
1735 N Federal Hwy, Hollywood, FL for Sale
$3,000,000 USD
Storefront - FOR SALE
1/6
null | 6.63% Cap Rate

1735 N Federal Hwy
Hollywood, FL 33020
Royal Poinciana


HIGHLIGHTS

  • ±6,200 SF Class A Retail Strip with Value-Add next to Brand-New Wawa
  • 64% Occupancy with Two Easy-to-Lease Bays Offering Quick Stabilization
  • 2 of 3 Tenants Currently 20% Below Market Offers Additional Upside
  • 180 Feet of Prime N Federal Highway Frontage, Visible to 31,000+ Vehicles Per Day
  • Prime Central East Broward Market Between Fort Lauderdale and Aventura
  • Strong Local Market Fundamentals with Single Digit Vacancy Rates and High Rental Growth

OVERVIEW

CBRE Inc., as the exclusive advisor, proudly offers for sale “Harding Plaza”, a ±6,200 SF newly constructed, Class A retail center with direct frontage along N Federal Highway (US-1) in Hollywood Florida. Harding Plaza offers tremendous value and upside for a new owner with current occupancy at 64% offering 2 vacant retail bays ready to be leased and shadow anchored by a newly constructed Wawa to the north of the property. Harding Plaza benefits from excellent high traffic exposure along N Federal Highway with over 31,000 vehicles per day and easy ingress/egress with excellent parking in the rear of the property. The Subject Property provides a diverse mix of stable tenants and offers additional value through lease up of the 2 vacant spaces. Local market rents have grown tremendously over the last several years allowing an investor add value to the asset not only through lease up but by increasing rental rates as 2 of the 3 in-place leases currently sit around 20% below market rates.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$484 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harding Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,601 SF

ZONING

C-2

APN/PARCEL ID

51-42-10-61-0010

ASK ABOUT THIS PROPERTY

954-331-1726

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954-331-1726

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