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3100 6Th AveFort Lauderdale, FL 33316

8,424 SF NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8,424 square foot office building in Fort Lauderdale, Florida presents a compelling investment opportunity. Located at 3100 SE 6th Avenue, this single-story, 1972-built structure sits on a 106,235 square foot lot (APN: 5042 22 07 0640 & 5042 23 00 0240) and is zoned B-3, allowing for diverse commercial uses. Currently 100% occupied under a triple-net (NNN) lease with a single tenant, the lease features a three-year term remaining, followed by two five-year options. The annual rent escalates by 3% or CPI, whichever is greater. The property boasts a price per square foot of $1,412.63. The lease includes a landlord's 24-month termination clause. This prime location offers exceptional visibility and accessibility, with proximity to Fort Lauderdale-Hollywood International Airport and Port Everglades. The property's strategic location near numerous vehicle facilities further enhances its appeal. The existing structure provides immediate income potential while the expansive lot size presents significant redevelopment possibilities, including potential for hotel development up to 150 feet in height. This offering represents a rare chance to acquire a high-return investment in a rapidly growing area. The current lease's anniversary date is May, with a recent rent increase of 3.5%. This property is an ideal choice for investors seeking strong cash flow and long-term appreciation potential.

Highlights

  • 8,424 SF office building in Fort Lauderdale, FL on a 106,235 SF lot.
  • Single-story building, built in 1972, with B-3 zoning.
  • 100% occupied under a triple-net (NNN) lease with a single tenant; three years remaining on the initial term, with two five-year options.
  • Annual rent escalates 3% or CPI, whichever is greater; recent 3.5% rent increase; lease anniversary in May.
  • Landlord has a 24-month termination clause.
  • $1,412.63 price per square foot.

Property Details for 3100 6Th Ave

Property type
Office properties
Square Feet
8,424 SF
Year Built
1972
Buildings
1
Stories
1
Units
1

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.0860567
Longitude
-80.1368118
3100 6Th Ave, Fort Lauderdale, Florida

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3100 6Th Ave
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