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1350 Plaza 1311-1401 S Dixie Hwy E 37,312 SF 100% Leased Retail Building Pompano Beach, FL 33060 $7,400,000 ($198.33/SF) 7.80% Cap Rate
Investment Highlights
- Gross Lease Structure allows future restructure to NNN • 7.75%+ going-in cap rate, delivering immediate day one cash flow
- 7% of GLA on Month – to – Month Leases • Low WALT of 1.6 Years
- High Visibility and Frontage • 430+ SF of dual street frontage and access along both East and West side of S Dixie Hwy
- 43 Separate Suites ranging from 567 SF – 2,070 SF • Offered at sub-$200/SF, well below today’s construction costs
- Below Market Rents • Average Rent of $22.40 PSF
- Prime Location in Pompano Beach • Centrally located between Commercial and Atlantic Boulevard, which have access to I-95
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,312 SF
Building Class
C
Year Built
1973
Price
$7,400,000
Price Per SF
$198.33
Cap Rate
7.80%
NOI
$577,457
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
1.31 AC
Zoning
B-4, Pompano Beach - Heavy Business
Parking
83 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,829,090 | |
| Land Assessment | $372,080 | Total Assessment | $3,678,300 |
Property Taxes
Parcel Numbers
Land Assessment
$372,080
Improvements Assessment
$2,829,090
Total Assessment
$3,678,300
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1350 Plaza | 1311-1401 S Dixie Hwy E
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