For Sale
$3,788,000

3920 Prospect RdFort Lauderdale, FL 33319

New Retail Center, NNN Leases, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a newly constructed, 6,825 square foot retail strip center in Fort Lauderdale, Florida. Located at 3920 Prospect Rd, this single-story building features four tenants, including a drive-thru, boasting 100% occupancy and a strong NOI of $218,351. The property sits on a 41,329 square foot lot with ample parking (35 spaces). Built in 2024, the center offers modern amenities such as 18-foot clear height, hurricane-resistant windows, and a twin T concrete roof. Benefiting from a prime location near US Highway 441 and Prospect Road (over 65,000 vehicles per day), and within one mile of Fort Lauderdale Executive Airport, this property provides excellent visibility and accessibility. The NNN leases minimize management responsibilities, ensuring a streamlined investment experience. The asking price is $3,788,000, representing a 5.76% cap rate. This is a rare chance to acquire a high-performing, low-maintenance retail asset in a thriving Florida market. The tenant mix includes Cali Coffee, LaundroMart, a Barber Shop, and a master lease. The property's strategic location and modern design make it an attractive investment for discerning buyers seeking strong returns and minimal operational overhead.

Highlights

  • New construction retail strip with drive-thru, situated at the intersection of US Hwy 441 and Prospect Road.
  • Tenanted by e-commerce resilient businesses including Cali Coffee, Laundro Mart, and a Barber Shop.
  • High visibility location with excellent access from US Hwy 441 and Prospect Road, boasting 65,000 vehicles per day.
  • NNN leases provide minimal landlord responsibilities with all expenses reimbursed by tenants.
  • Building features 18-foot clear height, hurricane-resistant windows, and a twin-tee concrete roof.
  • 41,000+ SF lot with ample parking (35 spaces, exceeding 5 spaces per 1,000 SF).

Property Details for 3920 Prospect Rd

Property type
Retail properties, Retail space
Square Feet
6,825 SF
Year Built
2024
Buildings
1
Stories
1
Units
4

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1948003
Longitude
-80.2023537
3920 Prospect Rd, Fort Lauderdale, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3920 Prospect Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message