Family Dollar
9,305 SF | 4-Star Retail Building | Pompano Beach, FL 33060 | $3,200,000 ($344/SF) | 4.69% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,200,000
- Property Type
-
Retail
- Square Feet
- 9,305 SF
- Price / Square Foot
- $344
Listing Contacts
Jamie Maniscalco
Verified Profile
- Property Info
Property Overview
Introducing the opportunity to secure a 1.5-acre hard corner, single tenant net lease (STNL) investment property with future development rights for +/- 100 units by-right in the evolving Pompano Beach area.
Currently a Family Dollar location with long-term lease, the building was constructed in 2014 as a build-to-suit and offers an investor a hassle-free place to park capital that will be a safe bet for the future as the land value appreciates beyond the income-production on the site.
Multiple new construction 10-story projects in direct proximity to subject site have recently been completed including Sonata Apartments (121 units), Heritage at Pompano Station (116 units), and Old Town Square (281 units plus ground-floor retail). Site is also located within less than a mile of both Pompano Beach Airpark and Pompano Beach Middle School, and is visible from the Brightline train-tracks.
Currently a Family Dollar location with long-term lease, the building was constructed in 2014 as a build-to-suit and offers an investor a hassle-free place to park capital that will be a safe bet for the future as the land value appreciates beyond the income-production on the site.
Multiple new construction 10-story projects in direct proximity to subject site have recently been completed including Sonata Apartments (121 units), Heritage at Pompano Station (116 units), and Old Town Square (281 units plus ground-floor retail). Site is also located within less than a mile of both Pompano Beach Airpark and Pompano Beach Middle School, and is visible from the Brightline train-tracks.
Property Details
- Class
- B
- Year Built
- 2014
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 63,162 SF
Highlights
- Single tenant net lease (STNL) investment property
- Future development rights for almost 100 units
- Multiple new construction projects of 10 stories in close proximity
- Absolute NNN lease for hassle-free 1031 Exchange
- 10% Rent Increase in 2025
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