3920 W Prospect Rd - Storefront FOR SALE


North Lauderdale, FL 33309
$3,788,000 USD
786-522-7027
3920 W Prospect Rd, North Lauderdale, FL for Sale
$3,788,000 USD
Storefront - FOR SALE
1/8
null | 5.76% Cap Rate

3920 W Prospect Rd
North Lauderdale, FL 33309


HIGHLIGHTS

  • New Construction Retail Strip w/ Drive Thru off the intersection of US Hwy 441 & Prospect Road
  • Ideal Line-up of Quality E-Commerce Resilient Tenants (Cali Coffee, Laundro Mart, Barber Shop)
  • Great Curb Appeal with Easy Access via Prospect Road and US Hwy 441 (65,000 Vehicles Per Day)
  • NNN Leases, Minimal Management, All Expenses Reimbursed
  • Property Features 18 Feet of Clear Height, Hurricane resistant windows, and a Twin T Concrete Roof
  • Over 41,000 SF Parcel with 35 Parking Spaces (5 Parking Spaces Per 1,000 SF)

OVERVIEW

Marcus & Millichap is pleased to present for sale this new construction, NNN Strip Center, located at 3920 Prospect Road North Lauderdale, Florida within the greater Fort Lauderdale MSA. The subject property consists of a 6,825 SF, Four tenant retail strip center with an End Cap Drive Thru on a 41,329 SF lot. Currently occupied by Cali Coffee, LaundroMart, Barber Shop, and a Master Lease. The Strip Center is located off the corner of US Highway 441 and Prospect Road which has over 65,000 Vehicles Per day. The property is situated within 1 miles of the Fort Lauderdale Executive Airport which ranks as one of the Nation's busiest general aviation airports with over 160,000 annual flights. The property benefits from great visibility and numerous access points. Newly constructed, the center boasts beautiful curb appeal, no deferred maintenance, strong tenants, and easy to manage NNN leases. Constructed in 2024, the property has 18 Feet of clear height, hurricane resistant windows, and a Twin T Concrete roof. This is an incredible opportunity for an investor to acquire a new, well located, higher return investment in the State of Florida, a no income tax state. The drive thru component of the asset along with the neighboring Murphy USA Gas Station ensures an investor the continued flow of traffic throughout the center.

FOR SALE DETAILS

PRICE

$3,788,000 USD

PRICE/SF

$555 USD /SF

CAP RATE

5.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction Strip Center w/Drive Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

PCD

APN/PARCEL ID

49-42-18-36-0040

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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