NNN Retail Investment | 1801-1805 E Sample Rd
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NNN Retail Investment 1801-1805 E Sample Rd
8,368 SF 100% Leased Retail Building Pompano Beach, FL 33064 $2,500,000 ($299/SF) 7.20% Cap Rate
Investment Highlights
- 100 % Occupied
- NNN Lease Agreement
- Hard Corner
- 4 Tenants
- Parking lot: 35+ spaces
Executive Summary
This investment opportunity features a two (2) story Retail Building (8,368 Sqft of bldg) with 4 Tenants 100% occupied (Barbershop, Psychic, Philly Cheese Steaks, and Hookah Lounge) all on NNN lease agreements. Philly Cheese Steaks has been an iconic restaurant in the neighborhood. A diverse mix of retail tenants represents below current market lease rates with strong potential to increase rates/income for the future. Parking lot directly behind the featured property. Currently being used as a parking lot that is approximately 35+ cars that park daily. Excellent access & parking for tenants/clients.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,368 SF
Building Class
C
Year Built
1959
Price
$2,500,000
Price Per SF
$299
Cap Rate
7.20%
NOI
$180,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.47 AC
Zoning
B3 - General Business
Parking
35 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
79 FT on E Sample Rd
Amenities
- Corner Lot
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $808,670 | |
Land Assessment | $266,210 | Total Assessment | $1,074,880 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$266,210
Improvements Assessment
$808,670
Total Assessment
$1,074,880
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NNN Retail Investment | 1801-1805 E Sample Rd
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