For Sale
$3,686,000

6390 Oakland Park BlvdSunrise, FL 33313

High-performing Advance Auto Parts, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a 7,150 square foot Advance Auto Parts storefront located at 6390 W Oakland Park Blvd, Sunrise, FL 33313, in Broward County. The property sits on a 0.92-acre lot with 30 parking spaces and boasts a strong location at a signalized intersection with 79,800 vehicles per day. Built in 2009 and renovated in 2010, this net-leased property features a credit-rated tenant under a 20-year lease (commencing October 22, 2009, and expiring October 31, 2029), with 4.9 years remaining. The lease includes two 5-year options with $0.50/SF rent bumps at the beginning of each. The property generates a substantial NOI of $202,745, representing a 5.50% cap rate on the asking price of $3,686,000. This prime retail location benefits from its proximity to the Florida Turnpike (142,000 VPD), offering excellent accessibility. The property is part of a thriving trade area with dense residential developments and numerous retailers, including a high-performing Publix. Data indicates this Advance Auto Parts location ranks in the top 98% of all nationwide locations, and the overall shopping center ranks in the top 69% of all nationwide strip centers. The surrounding area boasts a strong demographic profile, with over 484,000 residents and 184,000 employees, and an average household income of $84,354. The property is conveniently located just 9 miles from Downtown Fort Lauderdale.

Highlights

  • Hard corner, signalized intersection with 79,800 vehicles per day (VPD), outparcel to top-performing Inverrama Shopping Plaza.
  • Excellent location, one mile west of the Florida Turnpike (142,000 VPD), providing easy access.
  • Strong consumer base from dense surrounding residential developments.
  • High-performing location: Advance Auto Parts in top 98th percentile nationally; adjacent Publix in top 93rd percentile nationally.
  • Dense demographics: 484,000+ residents, 184,000+ employees, $84,354 average household income, 9 miles from Downtown Fort Lauderdale.

Property Details for 6390 Oakland Park Blvd

Property type
Retail properties, Retail space
Year Built/Renovated
2009/2010
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Sunrise
County
Broward
State
Florida
Latitude
26.1640926
Longitude
-80.2347889
6390 Oakland Park Blvd, Sunrise, Florida

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6390 Oakland Park Blvd
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