NNN Retail Investment 1801-1805 E Sample Rd 8,368 SF 100% Leased Retail Building Pompano Beach, FL 33064 $2,500,000 ($298.76/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 100 % Occupied
- NNN Lease Agreement
- Hard Corner
- 4 Tenants
- Parking lot: 35+ spaces
EXECUTIVE SUMMARY
This investment opportunity features a two (2) story Retail Building (8,368 Sqft of bldg) with 4 Tenants 100% occupied (Barbershop, Psychic, Philly Cheese Steaks, and Hookah Lounge) all on NNN lease agreements. Philly Cheese Steaks has been an iconic restaurant in the neighborhood. A diverse mix of retail tenants represents below current market lease rates with strong potential to increase rates/income for the future. Parking lot directly behind the featured property. Currently being used as a parking lot that is approximately 35+ cars that park daily. Excellent access & parking for tenants/clients.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,368 SF
Building Class
C
Year Built
1959
Price
$2,500,000
Price Per SF
$298.76
Cap Rate
7.20%
NOI
$180,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.47 AC
Zoning
B3 - General Business
Parking
35 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
79’ on E Sample Rd
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $785,640 | |
| Land Assessment | $98,210 | Total Assessment | $1,114,990 |
