1311-1401 S Dixie Hwy E - Freestanding FOR SALE


Pompano Beach, FL 33060- Outer Pompano Beach/Deerfield Beach
$7,400,000 USD
954-820-7455
1311-1401 S Dixie Hwy E, Pompano Beach, FL for Sale
$7,400,000 USD
Freestanding - FOR SALE
1/13
null | 7.8% Cap Rate

1311-1401 S Dixie Hwy E
Pompano Beach, FL 33060
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Gross Lease Structure allows future restructure to NNN • 7.75%+ going-in cap rate, delivering immediate day one cash flow
  • 43 Separate Suites ranging from 567 SF – 2,070 SF • Offered at sub-$200/SF, well below today’s construction costs
  • 7% of GLA on Month – to – Month Leases • Low WALT of 1.6 Years
  • Below Market Rents • Average Rent of $22.40 PSF
  • High Visibility and Frontage • 430+ SF of dual street frontage and access along both East and West side of S Dixie Hwy
  • Prime Location in Pompano Beach • Centrally located between Commercial and Atlantic Boulevard, which have access to I-95

OVERVIEW

Franklin Street is pleased to present 1350 Plaza — a ± 37,312 SF retail center in the heart of Pompano Beach, FL. Currently 97% leased, the property offers strong value-add potential through lease-up and moving rents to current market rates. Situated on 1.31 acres across five parcels, the property features 43 suites ranging from 567 to 2,070 SF — ideal for local retailers and service providers. With over 430 feet of dual frontage along South Dixie Highway and more than 25,000 vehicles per day, 1350 Plaza benefits from excellent visibility in both directions. It’s ideally located between E. Atlantic Blvd and E. Commercial Blvd, with direct access to I-95 and the Florida’s Turnpike

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1350 Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

B-4, Pompano Beach

APN/PARCEL ID

49-42-02-05-0550,49-42-02-05-0561,49-42-02-05-0562,49-42-02-05-0571,49-42-02-05-0670

ASK ABOUT THIS PROPERTY

Dylan MorseFranklin StreetMore Info
954-820-7455

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Dylan MorseFranklin StreetMore Info
954-820-7455

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