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1840 E Atlantic Blvd 2,142 SF Retail Building Pompano Beach, FL 33060 $1,700,000 ($793.65/SF) 4.40% Cap Rate
Investment Highlights
- 165’ frontage on E. Atlantic Hwy
- $74,800 NOI. CAP Rate 4.4%.
- 40,013 Total Cars Atlantic Blvd.
- 3 folios
Executive Summary
First time available for sale. 3 folios one being operated as a Wendy’s in the heart of Pompano Beach. Site is 3 blocks west of Federal Hwy and boasts a high traffic count of 40,013. Close to numerous national retail establishments. This Wendy’s was built in 1975 and has one of the longest tenancies in the area. Wendy’s has (2) 5 year options to 2039. 165’ frontage on E. Atlantic Hwy. TO-EOD. Permitted uses would include high-density mixed-use developments, including residential units, professional offices, retail sales, Restaurants/ Café’s and personal services, while encouraging pedestrian-friendly amenities and structured parking.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,142 SF
Building Class
C
Year Built
1975
Price
$1,700,000
Price Per SF
$793.65
Cap Rate
4.40%
NOI
$74,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.53 AC
Zoning
TO-EOD - TO-EOD. Permitted uses would include high-density mixed-use developments, including residential units, professional offices, retail sales, Restaurants
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
165’ on E Atlantic Blvd
Amenities
- Pylon Sign
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 48-42-36-01-2880 | Improvements Assessment | $455,420 |
| Land Assessment | $346,700 | Total Assessment | $882,330 |
Property Taxes
Parcel Number
48-42-36-01-2880
Land Assessment
$346,700
Improvements Assessment
$455,420
Total Assessment
$882,330
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1840 E Atlantic Blvd