Powerline Shopping Center

** Seller Financing Available**
SVN Commercial Partners is pleased to present for sale Powerline Shopping Center, a multi-tenant retail plaza situated in Oakland Park, Florida. Located at 4010-4054 NW 9th Avenue in the Fort Lauderdale MSA, this multi-tenant retail plaza is strategically positioned in the heart of Broward County. The Property offers an outstanding investment opportunity or an ideal location for a business looking to expand.
Powerline Shopping Center is 48% occupied. The vacancy consists of two small 800 square-foot units and a stand-alone 6,000 square-foot building with 2 roll-up loading doors at the back of the Property. This building also includes a monument/billboard with frontage along Interstate-95, providing further potential income for the Property. A user can immediately occupy more than half of the Property, including the 6,000 square-foot building. All tenants are on NNN leases, shouldering their fair share of expenses. Currently, the average rent stands at $14.36 per square foot, whereas comparable plazas in the vicinity command $20 per square foot. This presents a substantial 30% upside in rental income. Notably, the current landlord is not charging tenants for signage along the prominent high-rising portion of the building, offering significant leasing potential for advertising due to its exceptional visibility along Interstate-95.
Spanning an expansive 14,600 rentable square feet, Powerline Shopping Center comprises nine units spread across three buildings, all situated on a sprawling 1.5-acre lot. Powerline Shopping Center enjoys an unbeatable location at the NE corner of NW 40th St and Powerline Rd. Its strategic placement situates it midway between Commercial Blvd and Oakland Park Blvd.
Access to Powerline Shopping Center is incredibly convenient, featuring three points of ingress and egress. This configuration ensures easy entry from all directions. The Property capitalizes on its 615 feet of frontage along Powerline Rd and Interstate I-95, commanding a combined daily traffic count of 277,000 vehicles, uniquely positioning it as an ideal location for businesses seeking premier visibility.
Within a 3-mile radius, approximately 135,000 individuals reside in this vibrant community. The Property offers an impressive parking ratio of 5.20 spaces per 1,000 rentable square feet, accommodating a wide spectrum of tenant needs. The seller is willing to hold attractive interest-only financing at a well below market interest rate, making this opportunity perfect for an owner-user and their personal business.