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2051 N Federal Highway - Barnes & Noble, Fort Lauderdale, FL

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2051 N Federal Highway - Barnes & Noble

Fort Lauderdale, FL 33305 - Fort Lauderdale Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2001
Building Size:27,000 SF Land Area:2.19 AC (95,396 SF)
For Sale Price:$4,495,000 Price/SF:$166.48
Cap Rate:10.26 %
Parking:Free Surface spaces are available; Ratio of 6.6/1,000 SF
Features:Bus Line, Signage, Signalized Intersection

Two story retail building with strong demographics and Barnes & Noble Ground Lease expiring 2055

Sale Notes:
Barnes & Noble Pre-Exercised their Next Lease Option Term - Current Lease Expires January 31, 2025

Class "A" - Two Story Retail BuildingVery Strong Demographics: Over 7,300 Households with Average Income Over $94,000 within One Mile
The property is located within Broward County's Premier Retail Corridor. The immediate area features high end residential homes and many prominent retailers. Over 216 shopping centers consisting of 465 stores are located within a 1 mile radius. These retailers include: Publix, Whole Foods, Fresh Market, Target, Sport's Authority, Dick's Sporting Goods, Best Buy, Trader Joe's, Nordstrom Rack, Marshalls, Home Goods, Michael's Craft Store and hhgregg among others.

Sperry Van Ness Commercial Realty
Keith Kidwell
(954) 771-1212 x3

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