1026-1030 NW 9th Ave
Fort Lauderdale, FL 33311
Retail Property For Sale

Positioned in Fort Lauderdale’s Progresso Village / South Middle River neighborhood, this fully leased retail property offers immediate income with future upside. The asset spans 2,700 square feet and sits on a 0.15-acre lot with 56 feet of frontage along NW 9th Avenue, a high-traffic corridor with an average daily count of approximately 31,500 vehicles. Its proximity to Interstate 95 and Downtown Fort Lauderdale ensures seamless connectivity and strong consumer demand.
The property is anchored by three established tenants, including two restaurants and a beauty supply store, providing diversified income streams. With a current net operating income of approximately $75,800 and a cap rate near 6.6%, investors benefit from stable cash flow from day one. Scheduled rent increases in December and January 2026 deliver built-in revenue growth, while the ability to convert to a NNN structure allows for long-term value enhancement. Improvements such as a new roof and 10 dedicated parking spaces support long-term operational reliability. Situated in a thriving area with continued redevelopment and business activity, the asset presents an attractive opportunity for buyers seeking steady income with potential for future appreciation.