646-323-7859
308 N Federal Hwy, Hallandale Beach, FL for Sale
Retail - FOR SALE
1/11
null | 6.5% Cap Rate

308 N Federal Hwy
Hallandale Beach, FL 33009


HIGHLIGHTS

  • National medical cannabis tenant on long-term NNN lease
  • 13,781 SF lot on Federal Highway — one of Hallandale Beach's highest-traffic commercial corridors
  • Positioned between Aventura and Hollywood, serving one of South Florida's densest retail trade areas
  • Built-in rent growth through option period escalations
  • US-1 / Federal Highway — heavy daily traffic and great visibility on Hallandale's primary commercial corridor

OVERVIEW

Stabilized mixed-use investment property on US-1 in Hallandale Beach featuring a ground floor NNN lease to a national medical cannabis operator, with 3 years of firm term remaining and two 5-year renewal options with 10% increases at each option. The second floor offers 1,800 SF leased at $3,000/month gross on a one-year lease. The property sits on a 13,781 SF lot along one of Hallandale Beach's primary commercial corridors, with strong retail visibility and traffic on Federal Highway serving the Aventura, Hallandale, and Hollywood markets. Ground floor tenant holds two 5-year renewal options with built-in 10% rent escalations, providing long-term income security and a clear path to continued appreciation. A straightforward acquisition with immediate cash flow, a creditworthy national tenant on the ground floor, and a stabilized second floor generating gross rental income.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

B-G

APN/PARCEL ID

51-42-22-13-0010

ASK ABOUT THIS PROPERTY

Daniel ChabermanChaberman AdvisoryMore Info
646-323-7859

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Daniel ChabermanChaberman AdvisoryMore Info
646-323-7859

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