808 Broward BlvdFort Lauderdale, FL 33312

This exceptional 9,150 sq ft freestanding retail building in downtown Fort Lauderdale presents a compelling investment opportunity. Located on Broward Blvd, it boasts a prime location with high visibility and significant traffic (approximately 55,000 vehicles per day). The property features a 10-year net lease (NNN) with a franchise tenant, providing stability and a strong return. Built in 1973 and extensively renovated in 2023, the single-story building sits on a large 31,542 sq ft lot with favorable B-1 zoning. The current lease, commencing May 1, 2021, and expiring April 30, 2031, offers a remaining term of 6.4 years. The property includes 21 parking spaces and generates a current NOI of $165,023, with a pro-forma NOI of $320,250, reflecting a current cap rate of 3.67% and a pro-forma cap rate of 7.12%. The asking price is $4,500,000, representing $491.80 per square foot and $143 per square foot of land value. This investment offers a blend of immediate income and significant long-term growth potential in a thriving urban core. The property's strategic location within the revitalized downtown area ensures strong tenant occupancy and future appreciation. This is a rare opportunity to acquire a high-performing retail asset in one of Florida's most dynamic markets. The property's size and zoning offer flexibility for future development or expansion.