1801 Ocean DrHallandale Beach, FL 33009

This exceptional retail investment opportunity is located in the highly desirable Hallandale Beach, Florida, at 1801 S Ocean Dr #101. The property, part of the Imperial Towers complex – a 420-unit luxury condo building – offers 9,354 square feet of retail space situated on a prime corner lot at A1A and Hallandale Beach Boulevard Bridge. Currently operating under an Absolute NNN lease with multiple tenants, the property boasts an 80% occupancy rate with a remaining lease term of 3 years. Built in 1970, this single-building property presents a compelling investment with a current cap rate of 6.00%. However, once fully leased at current market rates, the property's cap rate is projected to significantly increase to 11.45%. This presents a unique value-add opportunity for a savvy investor seeking control of the entire retail segment within this prestigious luxury condominium complex. The property's location in one of South Florida's most sought-after areas ensures strong tenant demand and long-term growth potential. The asking price for this exceptional retail investment is $1,999,999. This is a rare chance to acquire a substantial retail portfolio in a thriving South Florida market.