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New Construction Strip Center w/Drive Thru 3920 W Prospect Rd

6,825 SF 100% Leased Retail Building Fort Lauderdale, FL 33309 £2,992,558 (£438/SF) 5.76% Net Initial Yield

Investment Highlights

  • New Construction Retail Strip w/ Drive Thru off the intersection of US Hwy 441 & Prospect Road
  • Great Curb Appeal with Easy Access via Prospect Road and US Hwy 441 (65,000 Vehicles Per Day)
  • Property Features 18 Feet of Clear Height, Hurricane resistant windows, and a Twin T Concrete Roof
  • Ideal Line-up of Quality E-Commerce Resilient Tenants (Cali Coffee, Laundro Mart, Barber Shop)
  • NNN Leases, Minimal Management, All Expenses Reimbursed
  • Over 41,000 SF Parcel with 35 Parking Spaces (5 Parking Spaces Per 1,000 SF)

Executive Summary

Marcus & Millichap is pleased to present for sale this new construction, NNN Strip Center, located at 3920 Prospect Road North Lauderdale, Florida within the greater Fort Lauderdale MSA. The subject property consists of a 6,825 SF, Four tenant retail strip center with an End Cap Drive Thru on a 41,329 SF lot. Currently occupied by Cali Coffee, LaundroMart, Barber Shop, and a Master Lease. The Strip Center is located off the corner of US Highway 441 and Prospect Road which has over 65,000 Vehicles Per day. The property is situated within 1 miles of the Fort Lauderdale Executive Airport which ranks as one of the Nation's busiest general aviation airports with over 160,000 annual flights.
The property benefits from great visibility and numerous access points. Newly constructed, the center boasts beautiful curb appeal, no deferred maintenance, strong tenants, and easy to manage NNN leases. Constructed in 2024, the property has 18 Feet of clear height, hurricane resistant windows, and a Twin T Concrete roof.
This is an incredible opportunity for an investor to acquire a new, well located, higher return investment in the State of Florida, a no income tax state. The drive thru component of the asset along with the neighboring Murphy USA Gas Station ensures an investor the continued flow of traffic throughout the center.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,825 SF
Year Built
2024
Price
£2,992,558
Price Per SF
£438
Net Initial Yield
5.76%
NOI
£172,499
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
0.95 AC
Parking
35 Spaces (5.13 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Barber Shop
  • Service type
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Cali Coffee Drive Thru
  • Service type
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • LaundroMart
  • Service type
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
  • Master Lease
  • -
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Barber Shop Service type 99,999 SF $9.99 Lorem Ipsum Jan 0000
Cali Coffee Drive Thru Service type 99,999 SF $9.99 Lorem Ipsum Jan 0000
LaundroMart Service type 99,999 SF $9.99 Lorem Ipsum -
Master Lease - 99,999 SF $9.99 Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-42-18-36-0040
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£789,126
  • Listing ID: 33744982

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 3920 W Prospect Rd, Fort Lauderdale, FL 33309

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