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401-417 N State Road 7 8,000 SF 100% Leased Retail Building Margate, FL 33063 $2,950,000 ($368.75/SF) 6.28% Cap Rate
Investment Highlights
- Small Bay Retail Investment Property
- Easy to Self Manage
- Frontage to Major Road
- Stable Long Term Tenancy
- Great Location in NW Broward County
- Close to Highways
Executive Summary
Small Bay Retail Building located in Margate, Florida on 441 / Atlantic Blvd
401-417 is an 8 unit freestanding retail building fronting a major thoroughfare between in NW Broward County.
The units are all around 1,000 sqft making them easy rentals with minimal downtime between tenants.
The property sit on a .53 acre corner lot and has been family owned and managed since 2002.
Stable long term tenancy with a solid mix of tenants including the Army National Guard, Big Daddy's Pizza, and Metro/TMobile, and the Margate Cobbler (a tenant for 30+ years).
Well managed property with minimal maintenance and carrying costs.
A great addition to any investment portfolio!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$251,120
|
$50.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$251,120
|
$50.28
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$65,779
|
$13.17
|
| Net Operating Income |
$185,341
|
$37.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $251,120 |
| Annual Per SF | $50.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $251,120 |
| Annual Per SF | $50.28 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $65,779 |
| Annual Per SF | $13.17 |
| Net Operating Income | |
|---|---|
| Annual | $185,341 |
| Annual Per SF | $37.11 |
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Big Daddy's Pizza & Subs
- Retailer
- -
- -
- -
- Immigrant Service Center
- Services
- -
- -
- -
- Margate Cobbler Shop
- Services
- -
- -
- -
-
- Information
- -
- -
- -
Metro by T-Mobile provides prepaid wireless services without annual contracts. Originally founded in 1994 as General Wireless, the company became MetroPCS before merging with T-Mobile in 2013. The carrier offers various plans with unlimited talk and text, including high-speed data options and mobile hotspot capabilities. Customers benefit from multi-line discounts and access to T-Mobile's nationwide 5G and 4G LTE networks. The brand targets budget-conscious consumers seeking flexibility and value in mobile connectivity.
-
- Information
- -
- -
- -
Metro by T-Mobile provides prepaid wireless services without annual contracts. Originally founded in 1994 as General Wireless, the company became MetroPCS before merging with T-Mobile in 2013. The carrier offers various plans with unlimited talk and text, including high-speed data options and mobile hotspot capabilities. Customers benefit from multi-line discounts and access to T-Mobile's nationwide 5G and 4G LTE networks. The brand targets budget-conscious consumers seeking flexibility and value in mobile connectivity.
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- Public Administration
- -
- -
- -
The National Guard is the primary combat reserve of the Army and Air Force, seamlessly providing enduring, rotational, surge and follow-on forces to the Joint Force to fight and win the nation’s wars and defend the homeland. Unique to the National Guard is their ability to apply the personnel, training and equipment for their wartime missions and their state responses in the homeland. When disaster strikes in the homeland, the National Guard stands ready to deploy and serve at a moment’s notice to protect life and property in their communities. The unique nature and capabilities of the National Guard make it critical to both U.S. national security and global stability.
- Universal Barbershop
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Big Daddy's Pizza & Subs | Retailer | - | - | - | ||
| Immigrant Service Center | Services | - | - | - | ||
| Margate Cobbler Shop | Services | - | - | - | ||
|
|
Information | - | - | - | ||
|
|
Information | - | - | - | ||
|
|
Public Administration | - | - | - | ||
| Universal Barbershop | Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 (2026) | |
| Land Assessment | $0 (2026) | Total Assessment | $1,469,500 (2026) |
Property Taxes
Presented by
401-417 N State Road 7
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