Urban-High Street
Wilton Station Shops | 17,707-SF 100% Occupied | NNN Leases | FT. Lauderdale
1201 NE 26th St, Wilton Manors, FL 33305
Listing Price: $4,425,000
Investment Overview
Marcus & Millichap is pleased to bring to market Wilton Station Shops. Located just 2.5 miles from Lauderdale Beach, a major vacation destination with 10 million annual visitors, the property captures the attention of a large tourist market. Additionally, it is conveniently positioned 8.5 miles from Fort Lauderdale-Hollywood International Airport, 5.6 miles from Fort Lauderdale Executive Airport, and 4 miles from DRV PNK Stadium, home field of the Major League Soccer Team Inter Miami CF.
The Population within a 5-Mile Radius Exceeds 311,400 and is Projected to Continue Growing by 2027. Additionally, the AHHI within a 3-Mile Radius of the Subject Property is $100,400. In the Last Decade, the Fort Lauderdale Area has Experienced a Remarkable 43% Increase in Population Aged 25-44, Reflecting a Thriving and Dynamic Community. Moreover, Florida, as the Fastest-Growing State in the Country According to US Census Data, Further Solidifies the Region’s Potential for Sustained Growth.
Wilton Station Shops | 17,707-SF 100% Occupied | NNN Leases | FT. Lauderdale
Investment Highlights
- 17,707 of Commercial Condominium Space, Consisting of 72 Separate Tax Folios Divided into 11 First Floor Professional Retail and Service Spaces. The 72 Tax Folios Represent 20% of Condo Votes
- Anchored by Walgreens with a Mix of Medical, Retail & Service Types | Built-in Customer Base Supported by Residents Occupying the 272 Residential Units in Wilton Station Premier Luxury Condominium
- All Leases Equipped with Rent Increases During the Term & Options | Avg. Rent is Approx. 40% Below Market with Ft. Lauderdale Projected to Lead All Major U.S. Markets in Retail Rent Growth in 2023
- Broward County Market Represents a High-Barrier Entry Point | Predictions for 2023 Anticipate Further Contraction in Vacancy Rates, Descending to 4%. Representing the Tightest Market Conditions Since 2017
- Situated in a Dense Retail and Residential Corridor, and Surrounded by Well-Known National Tenants Such As Publix, CVS, Whole Foods, Target, Best Buy, Dick's, Chick Fil A, & more. With a Walk Score of 84, "Very Walkable," Most Errands Can be Accomplished on Foot
- The Property Benefits from Excellent Visibility & a High Traffic Volume, with Approximately 14,300 Vehicles Passing Along NE 26th Street & 21,500 Vehicles Along Wilton Drive Per Day
Urban-High Street
Wilton Station Shops | 17,707-SF 100% Occupied | NNN Leases | FT. Lauderdale
Listing Price: $4,425,000
Investment Highlights
- 17,707 of Commercial Condominium Space, Consisting of 72 Separate Tax Folios Divided into 11 First Floor Professional Retail and Service Spaces. The 72 Tax Folios Represent 20% of Condo Votes
- Anchored by Walgreens with a Mix of Medical, Retail & Service Types | Built-in Customer Base Supported by Residents Occupying the 272 Residential Units in Wilton Station Premier Luxury Condominium
- All Leases Equipped with Rent Increases During the Term & Options | Avg. Rent is Approx. 40% Below Market with Ft. Lauderdale Projected to Lead All Major U.S. Markets in Retail Rent Growth in 2023
- Broward County Market Represents a High-Barrier Entry Point | Predictions for 2023 Anticipate Further Contraction in Vacancy Rates, Descending to 4%. Representing the Tightest Market Conditions Since 2017
- Situated in a Dense Retail and Residential Corridor, and Surrounded by Well-Known National Tenants Such As Publix, CVS, Whole Foods, Target, Best Buy, Dick's, Chick Fil A, & more. With a Walk Score of 84, "Very Walkable," Most Errands Can be Accomplished on Foot
- The Property Benefits from Excellent Visibility & a High Traffic Volume, with Approximately 14,300 Vehicles Passing Along NE 26th Street & 21,500 Vehicles Along Wilton Drive Per Day
Investment Overview
Marcus & Millichap is pleased to bring to market Wilton Station Shops. Located just 2.5 miles from Lauderdale Beach, a major vacation destination with 10 million annual visitors, the property captures the attention of a large tourist market. Additionally, it is conveniently positioned 8.5 miles from Fort Lauderdale-Hollywood International Airport, 5.6 miles from Fort Lauderdale Executive Airport, and 4 miles from DRV PNK Stadium, home field of the Major League Soccer Team Inter Miami CF. The Population within a 5-Mile Radius Exceeds 311,400 and is Projected to Continue Growing by 2027. Additionally, the AHHI within a 3-Mile Radius of the Subject Property is $100,400. In the Last Decade, the Fort Lauderdale Area has Experienced a Remarkable 43% Increase in Population Aged 25-44, Reflecting a Thriving and Dynamic Community. Moreover, Florida, as the Fastest-Growing State in the Country According to US Census Data, Further Solidifies the Region’s Potential for Sustained Growth.
