Property Overview
Presenting an 100% Fully Leased Triple Net investment opportunity with this strategically located retail plaza, built in 2022, in the heart of Pembroke Park. Perfect for investors or business owners seeking a high-traffic, high-visibility property with strong income potential. Perfect space for retail, office, medial, restaurant, and more. Features hurricane impact windows and 37 parking spaces. Tenants responsible for all utilities, interior insurance, permits, and necessary build-outs inside the unit. CAM covers building insurance, exterior electric, lawn care, and management fee. All current leases are on 3-5 year contracts and approximately $23/sq ft + $1432 CAM + Tax.
Key Features:
Total Land Area: sq. ft.
Building Size: 8,917 sq. ft.
Number of Units: 7 retail units
Current Occupancy: 100%
Annual Gross Income: $239213.04
Cap Rate: 5.56%
Property Highlights:
Prime Location: On main street with excellent visibility and heavy traffic (Hallandale Beach Blvd). Proximity to all types of amenities.
Diverse Tenants: A mix of established and high-traffic retail businesses, including beauty space, furniture store, smoke shop, electronic store, etc.
Modern Amenities: Each unit features an open layout, hurricane impact windows, air conditioning, bathroom, ample parking, etc.
Investment Potential: Attractive cap rate and potential for rental increases.
Additional Information:
Zoning: B-1
Year Built: 2022
Parking: 37 spaces
Additional Uses: Potential for redevelopment or expansion based on zoning regulations.
For More Information:
Contact Nicolas Olsak at 5616675809 or at nico@florida-brokers.com for detailed information and to schedule a viewing.
Don’t miss out on this prime investment opportunity!