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7-Eleven 1545 NE 4th Ave 2,519 SF 100% Leased Retail Building Fort Lauderdale, FL 33304 $4,337,551 ($1,721.93/SF) 5% Cap Rate
Investment Highlights
- Strong Unit Level Performance & Corporate Guarantee
- Strong Demographics
- Proximity to Downtown Fort Lauderdale
Executive Summary
Surmount is pleased to present the exclusive listing for an absolute triple-net (NNN) lease 7-Eleven located at 1545 Northeast 4th Avenue, Fort Lauderdale, FL 33304. The site consists of roughly 2,519 rentable square feet of building space on an estimated 0.57-acre parcel of land. The marketed annual rent is $216,878 and is scheduled to increase by 10.00% in Year 11 as well as at the start of each of the five, five-year option periods thereafter.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,519 SF
Year Built
1984
Price
$4,337,551
Price Per SF
$1,721.93
Cap Rate
5%
NOI
$216,878
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
0.57 AC
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-34-01-7630 | Improvements Assessment | $602,180 |
| Land Assessment | $450,310 | Total Assessment | $1,052,490 |
Property Taxes
Parcel Number
49-42-34-01-7630
Land Assessment
$450,310
Improvements Assessment
$602,180
Total Assessment
$1,052,490
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7-Eleven | 1545 NE 4th Ave
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