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Shopping Strip

Fort Lauderdale 3 Tenant Retail Center

7300 W McNab Rd, North Lauderdale, FL 33068

Listing Price: $4,160,000

Cap Rate
5.00%
Rentable SF
5,200
Lot Size
0.60 acres
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to present for sale this new construction, NNN Strip Center, located at 7300 West McNab Road in North Lauderdale, Florida within the greater Fort Lauderdale MSA. The subject property consists of a 5,200 square foot, three tenant building, fully occupied by Verizon Wireless, Huey Magoo’s, and Charley’s Philly Cheesesteak. The Strip Center is a Ross Anchored Shopping Center outparcel and sits adjacent to a highly trafficked McDonald’s. The property lies along a major commercial artery, within 1.5 miles of the Florida Turnpike, and nearby a number of National and Regional retailers including but not limited to McDonald’s, Taco Bell, Ross, Wendy’s, Walmart Supercenter, AutoZone, Burger King, Publix, 7-Eleven, and many more. 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. The center is fully occupied with three strong tenants; Verizon Wireless, Huey Magoo’s, and Charley’s Philly Cheesesteak. Verizon Wireless is one of the largest communication technology companies in the world and a global leader in delivering broadband and other wireless and wireline communication services to consumer, business, government, and wholesale customers. Huey Magoo’s is a beloved fast food chicken staple in the Florida lifestyle. In business since 2004, Huey Magoo’s popularity is so pervasive, that they have launched an aggressive franchisee expansion program that has surpassed expectations. With over 150 franchises sold in 6 states, Huey Magoo’s is poised to become a regional powerhouse. Founded in 1986, Charley’s is known for having the “#1 Cheesesteak in the World” and has grown from a single location in Ohio to over 600 locations in 46 U.S. states and in 17 countries. This is an incredible opportunity for an investor to acquire a new, well located, stable, higher return investment in the State of Florida, a no income tax state.

Investment Highlights

  • Top Tier Location
  • Class A National and Regional Tenants
  • Strong Tenant Makeup
  • New Construction | Q4 2021
  • Easy Access, Tremendous Traffic, and Visibility
  • Outstanding Demos
  • NNN Leases, Minimal Management, All Expenses Reimbursed
  • Florida is a No Income Tax State

Exclusively Listed By

Shopping Strip

Fort Lauderdale 3 Tenant Retail Center

Listing Price: $4,160,000

Cap Rate
5.00%
Rentable SF
5,200
Lot Size
0.60 acres
Year Built
2021

Investment Highlights

  • Top Tier Location
  • Class A National and Regional Tenants
  • Strong Tenant Makeup
  • New Construction | Q4 2021
  • Easy Access, Tremendous Traffic, and Visibility
  • Outstanding Demos
  • NNN Leases, Minimal Management, All Expenses Reimbursed
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this new construction, NNN Strip Center, located at 7300 West McNab Road in North Lauderdale, Florida within the greater Fort Lauderdale MSA. The subject property consists of a 5,200 square foot, three tenant building, fully occupied by Verizon Wireless, Huey Magoo’s, and Charley’s Philly Cheesesteak. The Strip Center is a Ross Anchored Shopping Center outparcel and sits adjacent to a highly trafficked McDonald’s. The property lies along a major commercial artery, within 1.5 miles of the Florida Turnpike, and nearby a number of National and Regional retailers including but not limited to McDonald’s, Taco Bell, Ross, Wendy’s, Walmart Supercenter, AutoZone, Burger King, Publix, 7-Eleven, and many more. 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. The center is fully occupied with three strong tenants; Verizon Wireless, Huey Magoo’s, and Charley’s Philly Cheesesteak. Verizon Wireless is one of the largest communication technology companies in the world and a global leader in delivering broadband and other wireless and wireline communication services to consumer, business, government, and wholesale customers. Huey Magoo’s is a beloved fast food chicken staple in the Florida lifestyle. In business since 2004, Huey Magoo’s popularity is so pervasive, that they have launched an aggressive franchisee expansion program that has surpassed expectations. With over 150 franchises sold in 6 states, Huey Magoo’s is poised to become a regional powerhouse. Founded in 1986, Charley’s is known for having the “#1 Cheesesteak in the World” and has grown from a single location in Ohio to over 600 locations in 46 U.S. states and in 17 countries. This is an incredible opportunity for an investor to acquire a new, well located, stable, higher return investment in the State of Florida, a no income tax state.

Exclusively Listed By

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