Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 5000-5040 N Federal Hwy, Lighthouse Point, FL 33064 The property consists of a 31,295 square ft shopping center on a 103,301 square ft (2.37-acre) lot. The property is situated on N Federal Hwy and NE 49th St, with average daily traffic counts of 46,000 and 8,500 vehicles respectively. The investment offers strong and stable cash flow for potential investors with significant upside through the re-leasing of vacant bays along with multiple below market short term leases. The property is on an excellent location being located on a hard corner on N Federal Hwy with excellent frontage, visibility and accessibility. The property sits directly across from a Walmart Super Center with a number of other national retailers nearby including Sprouts Farmers Market, Target, Winn-Dixie, among others. The area has an average household income of over $100K. There are several large housing communities including Cottonwood Lighthouse Apartments and Bell Lighthouse Point Apartments to the south as well as an affluent neighborhood of single-family homes directly to the east. The investment presents a unique opportunity for an investor to own a high-quality asset in one of South Florida’s premier neighborhoods.