For Sale
$3,675,000

633 Pembroke RdHallandale Beach, FL 33009

Prime single-tenant retail, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 8,254 square foot freestanding retail building situated on a 33,354 square foot lot in Hallandale Beach, Florida. The property, located at 633 Pembroke Rd, 33009, is currently 100% occupied by a Family Dollar under a Net Lease agreement with 5 years remaining. The building, constructed in 2015, boasts a strong Net Operating Income (NOI) of $206,350, yielding an attractive 5.17% capitalization rate. The property is zoned West RAC (Regional Activity Center), offering potential for future development opportunities. This single-tenant, single-building property represents a compelling investment in a thriving Broward County location, east of I-95. The nearly one-acre site presents significant potential for redevelopment with increased density under the Live Local Act. This is a rare chance to acquire a high-performing asset in a rapidly growing South Florida market. The asking price for this exceptional property is $3,675,000.

Highlights

  • 8,254 SF freestanding retail building on a 33,354 SF lot in Hallandale Beach, FL.
  • 100% occupied by Family Dollar under a 5-year Net Lease.
  • Strong NOI of $206,350 and a 5.17% cap rate.
  • Located at 633 Pembroke Rd, Hallandale Beach, FL 33009, zoned West RAC.
  • Built in 2015, offering redevelopment potential under the Live Local Act.
  • Asking price: $3,675,000.

Property Details for 633 Pembroke Rd

Property type
Retail properties, Land
Square Feet
8,254 SF
Year Built
2015
Buildings
1
Units
1

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.99627959372
Longitude
-80.156641244745
633 Pembroke Rd, Hallandale Beach, Florida

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633 Pembroke Rd
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