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1531 N Federal Hwy

3,569 SF Retail Building Hollywood, FL 33020 $2,256,571 ($632/SF) 7% Cap Rate

Drug Stores Florida Hollywood 1531 N Federal Hwy, Hollywood, FL 33020

Investment Highlights

  • Absolute NNN Lease | Recent 10-Year Extension at Tenant's Request | Corporate Guarantee | 10% Rent Increases Every 5 Years
  • Located on US Hwy 1 | 32,570+ VPD | 1-Mile to Downtown Hollywood - $1.5+ Billion in Active Projects
  • Affluent Area | $87,175 Avg HH Income (1 Mi) | $104,729 Avg HH Income (3 Mi)
  • Substantial Tenant Improvement | All Renovations At Tenant's Own Cost & Expense | Est. $750,000+
  • Infill Location | 23,802 Residents (1 Mi) | 140,729 Residents (3 Mi) | Close to Numerous Residential Developments
  • Strong Daytime Workforce Population | 11,437 Employees (1 Mi) | 82,763 Employees (3 Mi)

Executive Summary

Broker of Record
Acropolis Commercial Advisors
FL CQ1057427

Attachments

RWB Hollywood FL Marketing Package

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,569 SF
Building Class
C
Year Built/Renovated
1971/2024
Price
$2,256,571
Price Per SF
$632
Cap Rate
7%
NOI
$157,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.29 AC
Zoning
FH-2 - Includes a 3.00 FAR which provides for a maximum building area of over 37,000 sq ft on the Property and the ability to go vertical 14 stories.
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1531 N Federal Hwy, Hollywood, FL - aerial map view - Image1
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1531 N Federal Hwy, Hollywood, FL - aerial map view - Image6
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Twin Peaks
City National Bank of Florida
Bank of America
PNC Bank
Chase Bank
Miami Subs Grill
Wells Fargo
Publix
Starbucks
Regions Bank

PROPERTY TAXES

Parcel Number 51-42-10-12-0180 Improvements Assessment $1,004,660
Land Assessment $224,680 Total Assessment $1,229,340

PROPERTY TAXES

Parcel Number
51-42-10-12-0180
Land Assessment
$224,680
Improvements Assessment
$1,004,660
Total Assessment
$1,229,340
(305) 707-0969

Contact

  • Listing ID: 33936420

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 1531 N Federal Hwy, Hollywood, FL 33020

More public record information on 1531 N Federal Hwy, Hollywood, FL 33020

The Retail Property at 1531 N Federal Hwy, Hollywood, FL 33020 is currently available for sale. Contact Acropolis Commercial Advisors for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1531 N Federal Hwy
(305) 707-0969 x

1531 N Federal Hwy

Eric Wasserman

(305) 707-0969

(305) 707-0969

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