John Cohane - Commercial Real Estate Showcase

John Cohane Property Listings
Cohane Retail Advisors
6303 Bay Club Dr
Suite 2
Fort Lauderdale, FL 33308
(754) 200-1712

Over 35 years in the Shopping Center Industry
Over 35 years in the Shopping Center Industry Less 
CoStar Group Power Broker Award Recipient  
3061 N Federal Highway - Coral Shopping Center

Fort Lauderdale, FL 33306 - Fort Lauderdale Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1978
Building Size:5,269 SF Land Area:.03 AC (1,307 SF)
For Sale Price:$4,641,566 Price/SF:$880.92
Cap Rate:6.00 %
Parking:Ratio of /1,000 SF
Features:Bus Line, Corner Lot, Signage, Signalized Intersection

Sale Notes:
The property is 100% leased and occupied by 4 tenants.All the Tenants have multiple locations .Smoothie King is a national tenant with over 800 locations. The Lease has a corporate guarantee and is a corporate store . The Ticket Clinic has 28 locations and is the dominant tenant in it use category in the State of Florida. Vapor Fi has almost 70 retail locations and still growing. All 4 tenants pay their proportionate share of RE Taxes , Insurance , Common Area Maintenance and each tenant pays a Management Fee ! The actual NOI for 2018 is $278,494. The Asking Price for the Property is $4,843,373. The property also has a value added feature. The price includes a vacant Lot located behind the Smoothie King .Each of the Tenants has either 3% annual increases or CPI increases. Talk to Listing Agent for more details.

Cohane Retail Advisors
John Cohane
(754) 200-1712

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