For Sale
$2,500,000

State Road 7 Plantation, FL 33317

Established Liquor Store, High NOI, Long Lease

Overview

Added:
Dec 11, 2024
Days on market:
134
This thriving liquor store presents a lucrative business opportunity in Plantation, Florida. Located on N State Rd 7 in Broward County (zip code 33317), this 2,900 square foot establishment boasts a strong 20-year lease with approximately 8.2 years remaining (commencing February 1, 2013, and expiring February 1, 2033, with two 10-year renewal options). The asking price is $2,500,000, representing a compelling $862.07 per square foot and a significant 20.20% cap rate, generating a substantial Net Operating Income (NOI) of $505,000. The business includes a valuable 4 COP license. The store enjoys a prime location along a busy retail corridor, surrounded by affluent residential areas. Six experienced employees are in place, and the seller offers training and transition support, even potentially continuing part-time employment if desired. All furniture, fixtures, and equipment (FF&E) are included in the sale price. The current inventory (valued at approximately $600,000-$800,000) is not included in the asking price. This is a cash-only transaction. The seller is retiring due to medical reasons. The business operates from 11 AM to 2 AM daily, and 1 PM to 2 AM on Sundays. The business has a strong reputation, loyal clientele, and significant potential for growth through expanded online presence, special events, and wholesale opportunities. All information provided is from the seller and should be independently verified.

Highlights

  • Thriving liquor store in Plantation, FL, located on N State Rd 7 (zip code 33317).
  • 2,900 square foot building with a strong 20-year lease (approx. 8.2 years remaining, with two 10-year renewal options).
  • Asking price: $2,500,000 ($862.07/SF, 20.20% cap rate, $505,000 NOI).
  • Includes FF&E; inventory (approx. $600,000-$800,000) not included; cash-only transaction.
  • Six experienced employees; seller offers training and transition support, potential part-time employment.

Property Details for 0 State Road 7

Property type
Retail properties, Mixed-use properties
Square Feet
2,900 SF
Stories
1

Location Insight

City
Plantation
County
Broward
State
Florida
Latitude
26.1289034
Longitude
-80.2021752

FAQs

What type of property is this?
Retail property - Established Liquor Store, High NOI, Long Lease
Where is the retail property located?
The property is located at State Road 7 Plantation, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Thriving liquor store in Plantation, FL, located on N State Rd 7 (zip code 33317).; 2,900 square foot building with a strong 20-year lease (approx. 8.2 years remaining, with two 10-year renewal options).; Asking price: $2,500,000 ($862.07/SF, 20.20% cap rate, $505,000 NOI).
How can I contact the broker?
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0 State Road 7
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