4250 Hallandale Bch BlvdPembroke Park, FL 33023

This exceptional triple-net-lease investment opportunity presents a 2022-built, 8,917 square-foot retail plaza in Pembroke Park, Florida. Located on Hallandale Beach Boulevard, this property boasts high visibility and traffic. The plaza features seven units with 85% occupancy, generating a pro-forma NOI of $237,688 and a 5.53% cap rate. The asking price is $4,300,000, translating to $482.22 per square foot. The building sits on a 0.83-acre lot and includes 37 parking spaces. Each unit is equipped with hurricane impact windows and benefits from a diverse tenant mix including a beauty space, furniture store, smoke shop, and electronic store. Current leases range from three to five years, with rent averaging approximately $23 per square foot, plus $1432 in CAM and taxes. CAM charges cover building insurance, exterior electric, lawn care, and management fees. Tenants are responsible for all utilities, interior insurance, permits, and build-outs. The property is zoned B-1, offering potential for redevelopment or expansion. This prime location provides excellent access to various amenities, making it an attractive investment with strong income potential and a desirable cap rate. The property's APN is 51-42-30-09-0590.