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.