Department Store

3550 North Federdal Highway

3550 North Federdal Highway, Fort Lauderdale, FL 33308

Listing Price: $3,750,000

Cap Rate
9.33%
Tenant Name
Bassett Home Furnishings
Years Remaining On Lease
0.40
Gross SF
14,477
Guarantor
Corporate Guarantee
Rentable SF
14,477
Price/Gross SF
$259.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.18

Investment Overview

Marcus & Millichap is pleased to present for sale 3550 N Federal Highway, Fort Lauderdale, FL. Bassett Home Furnishings has soley occupied the impeccably maintained 14,477 square-foot two-story building since 2013 and has recently vacated the building and will be paying the rent until their lease expires on March 31, 2021. The property has 135‘ of direct frontage on heavily trafficked Federal Highway, which is one of the most highly sought after corridors in south Florida. Situated on 0.45 prime acres just north of the major intersection of Federal Highway and Oakland Park Boulevard, the property is surrounded by many nationally recognized retailers including: Publix, Super Target, TJ Maxx, Marshall’s, Home Goods, AMC Coral Ridge, LA Fitness, The Fresh Market and many more nationally recognized retailers. Just south of 3550 N Federal Highway on the west side of Federal Highway are two approved developments, one is 274 residential units, 97,128 SF of existing office space and 2,588 SF of restaurant space. The second development is one block north and will consist of 165 residential units and 31,705 SF of retail space. 3550 N Federal Highway presents an investor or an owner-user the opportunity to acquire a prime asset on a major retail corridor with a high barrier of entry.

Investment Highlights

  • Prime Federal Highway location
  • Tremendous Visibility
  • Situated north of Oakland Park Blvd on the east side of Federal Highway
  • Building has been extremely well-maintained
  • Proximity to the 392,065 SF Coral Ridge Mall anchored by Publix, Super Target, T.J. Maxx, Marshalls, Home Goods, AMC Coral Ridge and more.
  • Seller financing available
  • Rental Income until March 31, 2021.

Exclusively Listed By

Listing Price: $3,750,000

Cap Rate
9.33%
Tenant Name
Bassett Home Furnishings
Years Remaining On Lease
0.40
Gross SF
14,477
Guarantor
Corporate Guarantee
Rentable SF
14,477
Price/Gross SF
$259.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.18

Investment Highlights

  • Prime Federal Highway location
  • Tremendous Visibility
  • Situated north of Oakland Park Blvd on the east side of Federal Highway
  • Building has been extremely well-maintained
  • Proximity to the 392,065 SF Coral Ridge Mall anchored by Publix, Super Target, T.J. Maxx, Marshalls, Home Goods, AMC Coral Ridge and more.
  • Seller financing available
  • Rental Income until March 31, 2021.

Investment Overview

Marcus & Millichap is pleased to present for sale 3550 N Federal Highway, Fort Lauderdale, FL. Bassett Home Furnishings has soley occupied the impeccably maintained 14,477 square-foot two-story building since 2013 and has recently vacated the building and will be paying the rent until their lease expires on March 31, 2021. The property has 135‘ of direct frontage on heavily trafficked Federal Highway, which is one of the most highly sought after corridors in south Florida. Situated on 0.45 prime acres just north of the major intersection of Federal Highway and Oakland Park Boulevard, the property is surrounded by many nationally recognized retailers including: Publix, Super Target, TJ Maxx, Marshall’s, Home Goods, AMC Coral Ridge, LA Fitness, The Fresh Market and many more nationally recognized retailers. Just south of 3550 N Federal Highway on the west side of Federal Highway are two approved developments, one is 274 residential units, 97,128 SF of existing office space and 2,588 SF of restaurant space. The second development is one block north and will consist of 165 residential units and 31,705 SF of retail space. 3550 N Federal Highway presents an investor or an owner-user the opportunity to acquire a prime asset on a major retail corridor with a high barrier of entry.

Exclusively Listed By

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