1190-1198 S State Road 7 - Service Station FOR SALE


North Lauderdale, FL 33068
$3,181,800 USD
212-430-5180
1190-1198 S State Road 7, North Lauderdale, FL for Sale
$3,181,800 USD
Service Station - FOR SALE
1/7
null | 5.5% Cap Rate

1190-1198 S State Road 7
North Lauderdale, FL 33068


HIGHLIGHTS

  • NNN Ground Lease w/No Landlord Maintenance Located at a Signalized Intersection with Over 45,000 Vehicles Passing Daily
  • Positioned Directly Across from Home Depot and a Publix Anchored Shopping Center
  • Adjacent to Hundred of Apartment Units Providing a Built-In Consumer Base
  • Reasonable Rent at Just $175,000 and Large 2-Acre South Florida Parcel Providing Additional Asset Security
  • Over 452,000 People Living Within a 5-Mile Radius and Positioned in South Florida, Arguably the Nation's Hottest NNN Market

OVERVIEW

-NNN Ground Leased Circle K w/ No Management: NNN Ground Leased Circle K with No Landlord Responsibilities at the Highly Trafficked Signalized Intersection of South SR 7 (45,000 Vehicles Per Day (VPD)) and SW 12th Street in North Lauderdale, FL -Positioned Adjacent to Hundreds of Multifamily Units: Adjacent to Hundreds of Apartment Units Providing a Built-In Consumer Base Including Lauder Ridge Apartments (152 Units), Oakland Hills Apartments (189 Units), and Silver Palms (100 Units) -Reasonable Rent and Large Parcel Bolstering Asset Security: Replaceable Rent Provides Investors Added Security Along with a Generously Sized 2+ Acre Square Parcel Providing Flexibility for a Wide Range of Redevelopment Options -Dense Area in South Florida - the Nation’s Most Desired NNN Market: Over 452,000 People Living Within a Five Mile Radius of the Subject Property in the Most Coveted NNN Market Across the Entire United States Making This is a True Generational Asset -Active Retail Corridor Across from Publix and Home Depot: Strategically Positioned Across from the Publix Anchored Cypress Lakes Town Center and Near a Host of National Tenants Including Home Depot, Aldi, Key Food, and Burger King, Among Others -Investment Grade Credit: Lease Corporately Guaranteed by Circle K, One of the Nation’s Most Recognized Gas/Convenience Stores with Over 9,700 Stores in North America and an S&P Credit Rating of BBB

FOR SALE DETAILS

PRICE

$3,181,800 USD

PRICE/SF

$795 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

B-3

APN/PARCEL ID

49-42-06-16-0010,49-42-06-16-0021

ASK ABOUT THIS PROPERTY

Christopher PappasMarcus & MillichapMore Info
212-430-5180

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Christopher PappasMarcus & MillichapMore Info
212-430-5180

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