For Sale
$1,295,000

4700 Federal Hwy Fort Lauderdale, FL 33308

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 1,320 square foot office building situated at 4700 N Federal Highway in Fort Lauderdale, Florida, 33308. The property boasts approximately 75 feet of frontage on Federal Highway, benefiting from high visibility and traffic flow. Its B-1 zoning complements its location directly across from Holy Cross Hospital, surrounded by other office and professional buildings. A significant advantage is the long-term, triple-net (NNN) lease in place with a national franchisee, Jersey Mike's Subs. The lease has approximately 6.5 years remaining, with two five-year renewal options, providing substantial lease security. Importantly, this sale includes only the land and building; the business itself is not included. The building features one bathroom and ample parking with 13 spaces. The current rent is $3,277 per month, extending through April 2025, with a built-in 2% annual rent increase. The asking price for this property is $1,295,000. Seller financing may be considered with a minimum 40% down payment. This is a rare opportunity to acquire a stable, income-producing asset in a prime Fort Lauderdale location. Prospective buyers are welcome to view the interior; however, please refrain from disturbing the tenant.

Highlights

  • $1,295,000 asking price for a single-tenant office building.
  • NNN lease with a national franchisee (Jersey Mike's).
  • Approximately 1,320 SF building on a 0 sq ft lot, with 13 parking spaces.
  • Located at 4700 N Federal Highway, Fort Lauderdale, FL 33308, with 75' of frontage.
  • 6.5 years remaining on the lease with two 5-year renewal options; current rent is $3,277/month with 2% annual increases.
  • Seller may consider financing with 40% down payment.

Property Details for 4700 Federal Hwy

Property type
Office properties
Year Built
1963

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1858678
Longitude
-80.1168236

FAQs

What type of property is this?
Office property - High-yield NNN lease, strong tenant.
Where is the office property located?
The property is located at 4700 Federal Hwy Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: $1,295,000 asking price for a single-tenant office building.; NNN lease with a national franchisee (Jersey Mike's).; Approximately 1,320 SF building on a 0 sq ft lot, with 13 parking spaces.
How can I contact the broker?
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4700 Federal Hwy
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