2501-2505 N Federal Hwy - Retail FOR SALE


Fort Lauderdale, FL 33305- Coral Shores
$4,199,290 USD
2501-2505 N Federal Hwy, Fort Lauderdale, FL for Sale
$4,199,290 USD
Retail - FOR SALE
1/2
null | 6.2% Cap Rate

2501-2505 N Federal Hwy
Fort Lauderdale, FL 33305
Coral Shores


OVERVIEW

» Positioned within the Miami MSA – Ranked #6 in the United States for population size » 100% occupied » Income tax free state » Long term tenancy – Verizon has been operating here since 2006 » Verizon is investment grade – S&P: BBB+ » Verizon has no remaining renewal options » Located along North Federal Highway (54,500 VPD) » Over 284,000 people live within a five-mile radius » Affluent community - $158,989 average household income within one-mile » Positioned in a retailer corridor: DICK’S Sporting Goods, Best Buy, Whole Foods, Chick-fil-A, Shake Shack, Target, & many others

FOR SALE DETAILS

PRICE

$4,199,290 USD

PRICE/SF

$613 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon & Exotic Eyeware Optical

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

B-1

APN/PARCEL ID

49-42-25-05-0280

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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