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3021 NW 19th St
Fort Lauderdale, FL 33311
Retail Property For Sale
Investment Highlights
- Trophy Infill Location | Rapidly Growing Market | 475,000 People in 5-Mile Radius
- Absolute NNN Lease | Zero Landlord Responsibilities | No State Income Taxes
- Investment Grade Tenant with Corporate Guarantee
Executive Summary
TD Commercial Group is pleased to exclusively offer this Single Tenant, Absolute Triple Net Lease (NNN) investment opportunity in Fort Lauderdale, Florida. This offering is a rare opportunity to acquire a newly-built Family Dollar in a rapidly growing highly sought-after market. The offering is inclusive of an original 15-year Absolute NNN Lease with 7 years remaining before the option periods and backed by Family Dollar. The largest retailer of its type in the United States.
Property improvements include a 8,257 square foot free standing retail building constructed exclusively for Family Dollar in 2016. The property is centrally located in Fort Lauderdale “The Yachting Capital of the World,” along the east-west busy thoroughfare, in close proximity to the Atlantic Ocean. The residential and regional shopping atmosphere and strong tenancy combine to make this a very attractive offering for passive investors looking for a good return with strong fundamentals in a dense infill location.
This fee simple offering has the opportunity to secure new market financing ensuring secure long term passive cash flow to the investor. This property has Zero Landlord Responsibilities and rent increases in Year 11 of the Primary Term and each of the Option Renewal Periods
Property improvements include a 8,257 square foot free standing retail building constructed exclusively for Family Dollar in 2016. The property is centrally located in Fort Lauderdale “The Yachting Capital of the World,” along the east-west busy thoroughfare, in close proximity to the Atlantic Ocean. The residential and regional shopping atmosphere and strong tenancy combine to make this a very attractive offering for passive investors looking for a good return with strong fundamentals in a dense infill location.
This fee simple offering has the opportunity to secure new market financing ensuring secure long term passive cash flow to the investor. This property has Zero Landlord Responsibilities and rent increases in Year 11 of the Primary Term and each of the Option Renewal Periods
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,257 SF
Building Class
B
Year Built
2016
Price
$2,350,000
Price Per SF
$284.61
Cap Rate
6.09%
NOI
$143,055
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.87 AC
Zoning
B-2 - General Business District
Parking
29 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 49-42-29-53-0010 | Improvements Assessment | $1,535,180 |
| Land Assessment | $468,250 | Total Assessment | $2,126,340 |
Property Taxes
Parcel Number
49-42-29-53-0010
Land Assessment
$468,250
Improvements Assessment
$1,535,180
Total Assessment
$2,126,340
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