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3895 W Broward Blvd
Fort Lauderdale, FL 33312
Walgreens: Fort Lauderdale, FL · Retail Property For Sale
Investment Highlights
- Net Lease with Multiple Extensions
- Brand New Publix Feet Away
- 25.9 MSF of Retail within 5-Mile Radius
- Top-Visited Location
- Proximate to High Traffic Intersection (88,000 VPD Combined Traffic Count)
Executive Summary
NET LEASE WITH MULTIPLE EXTENSIONS
• Walgreens’ original 20-year term was set to expire in 2019 and was most recently
extended through 2029.
• The net lease features ±2.5 years of term remaining with six remaining 5-year renewal
options (originally eight).
TOP-VISTED LOCATION
• Solid reported sales of 2.95M. By visits, this Fort Lauderdale store ranks among the top
13% of Walgreens stores within a 15-mile radius, the top 7% throughout Florida, and the
top 9% nationwide (Placer.ai).
BRAND NEW PUBLIX
• Publix just opened a new 29,365 SF store 2 months ago in West Broward Shopping
Center, driving an incredible amount of new traffic to the center.
EXCELLENT ACCESS & VISIBILITY
• Walgreens is located feet away from the hard-corner, signalized intersection of W
Broward Blvd (44,000 VPD) and N State Road 7 (44,000 VPD), where it is 1 mile east
of Florida’s Turnpike (159,000 VPD) and less than 4 miles west of downtown Fort
Lauderdale.
• Walgreens’ prominent positioning, combined with easy ingress and egress, allows the
store to serve as a convenient and highly accessible destination for both local residents
and regional passersby.
STRATEGIC LOCATION
• Walgreens is situated as an outparcel to the 140,387 SF West Broward Shopping Center,
which is anchored by Publix and further occupied by dd’s Discounts, Dollar Tree, Chase
Bank, Fresenius Kidney Care, Wendy’s, and more. Additional retailers/users located in
the immediate vicinity include Price Choice Foodmarket, Bank of America, TD Bank,
Miami Grill, Pollo Tropical, Dunkin’, and Wawa.
• Walgreens’ original 20-year term was set to expire in 2019 and was most recently
extended through 2029.
• The net lease features ±2.5 years of term remaining with six remaining 5-year renewal
options (originally eight).
TOP-VISTED LOCATION
• Solid reported sales of 2.95M. By visits, this Fort Lauderdale store ranks among the top
13% of Walgreens stores within a 15-mile radius, the top 7% throughout Florida, and the
top 9% nationwide (Placer.ai).
BRAND NEW PUBLIX
• Publix just opened a new 29,365 SF store 2 months ago in West Broward Shopping
Center, driving an incredible amount of new traffic to the center.
EXCELLENT ACCESS & VISIBILITY
• Walgreens is located feet away from the hard-corner, signalized intersection of W
Broward Blvd (44,000 VPD) and N State Road 7 (44,000 VPD), where it is 1 mile east
of Florida’s Turnpike (159,000 VPD) and less than 4 miles west of downtown Fort
Lauderdale.
• Walgreens’ prominent positioning, combined with easy ingress and egress, allows the
store to serve as a convenient and highly accessible destination for both local residents
and regional passersby.
STRATEGIC LOCATION
• Walgreens is situated as an outparcel to the 140,387 SF West Broward Shopping Center,
which is anchored by Publix and further occupied by dd’s Discounts, Dollar Tree, Chase
Bank, Fresenius Kidney Care, Wendy’s, and more. Additional retailers/users located in
the immediate vicinity include Price Choice Foodmarket, Bank of America, TD Bank,
Miami Grill, Pollo Tropical, Dunkin’, and Wawa.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,981 SF
Building Class
B
Year Built
1997
Price
$3,257,647
Price Per SF
$217.45
Cap Rate
8.50%
NOI
$276,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.98
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
SPI-2(FCC) - commercial
Parking
149 Spaces (9.95 Spaces per 1,000 SF Leased)
Frontage
242’ on West Broward Boulevard
Amenities
- Signage
Property Taxes
| Parcel Number | 50-42-06-02-0020 | Improvements Assessment | $11,892,670 |
| Land Assessment | $7,622,160 | Total Assessment | $19,514,830 |
Property Taxes
Parcel Number
50-42-06-02-0020
Land Assessment
$7,622,160
Improvements Assessment
$11,892,670
Total Assessment
$19,514,830
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