Log In/Sign Up
Your email has been sent.
3920 W Prospect Rd
North Lauderdale, FL 33309
New Construction Strip Center w/Drive Thru · Retail Property For Sale
Investment Highlights
- New Construction Retail Strip w/ Drive Thru off the intersection of US Hwy 441 & Prospect Road
- Great Curb Appeal with Easy Access via Prospect Road and US Hwy 441 (65,000 Vehicles Per Day)
- Property Features 18 Feet of Clear Height, Hurricane resistant windows, and a Twin T Concrete Roof
- Ideal Line-up of Quality E-Commerce Resilient Tenants (Cali Coffee, Laundro Mart, Barber Shop)
- NNN Leases, Minimal Management, All Expenses Reimbursed
- Over 41,000 SF Parcel with 35 Parking Spaces (5 Parking Spaces Per 1,000 SF)
Executive Summary
Marcus & Millichap is pleased to present for sale this new construction, NNN Strip Center, located at 3920 Prospect Road North Lauderdale, Florida within the greater Fort Lauderdale MSA. The subject property consists of a 6,825 SF, Four tenant retail strip center with an End Cap Drive Thru on a 41,329 SF lot. Currently occupied by Cali Coffee, LaundroMart, Barber Shop, and a Master Lease. The Strip Center is located off the corner of US Highway 441 and Prospect Road which has over 65,000 Vehicles Per day. The property is situated within 1 miles of the Fort Lauderdale Executive Airport which ranks as one of the Nation's busiest general aviation airports with over 160,000 annual flights.
The property benefits from great visibility and numerous access points. Newly constructed, the center boasts beautiful curb appeal, no deferred maintenance, strong tenants, and easy to manage NNN leases. Constructed in 2024, the property has 18 Feet of clear height, hurricane resistant windows, and a Twin T Concrete roof.
This is an incredible opportunity for an investor to acquire a new, well located, higher return investment in the State of Florida, a no income tax state. The drive thru component of the asset along with the neighboring Murphy USA Gas Station ensures an investor the continued flow of traffic throughout the center.
The property benefits from great visibility and numerous access points. Newly constructed, the center boasts beautiful curb appeal, no deferred maintenance, strong tenants, and easy to manage NNN leases. Constructed in 2024, the property has 18 Feet of clear height, hurricane resistant windows, and a Twin T Concrete roof.
This is an incredible opportunity for an investor to acquire a new, well located, higher return investment in the State of Florida, a no income tax state. The drive thru component of the asset along with the neighboring Murphy USA Gas Station ensures an investor the continued flow of traffic throughout the center.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,825 SF
Building Class
B
Year Built
2024
Price
$3,490,000
Price Per SF
$511.36
Cap Rate
4.49%
NOI
$156,530
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.95 AC
Zoning
B-2 - Zoned Commercial
Parking
35 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 49-42-18-36-0040 | Improvements Assessment | $970,150 |
| Land Assessment | $1,033,230 | Total Assessment | $2,003,380 |
Property Taxes
Parcel Number
49-42-18-36-0040
Land Assessment
$1,033,230
Improvements Assessment
$970,150
Total Assessment
$2,003,380
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
