Two-Tenant Retail Building NN

Two-Tenant Retail Building | Fort Lauderdale, FL

Sands Investment Group is Pleased to Present Exclusively For Sale the 2,700 SF Two-Tenant Retail Building NN Asset Located at 748- 750 NW 22nd Road in Fort Lauderdale, FL. The Deal Includes a Bar That Has Another 6-Years Left on Its Lease. The Restaurant Has 2-Years Left, Presenting a Value Add Opportunity By Re-Tenanting and Establishing Higher Rents When the Lease Expires in 2025, Providing For a Best-of-Class Investment.

  • Restaurant Tenant Spent Over $20,000 to Fully Renovate the Interior to a Brand New Standard
  • Bar Has Another 6 Years Left on Its Lease; The Restaurant Has 2 Years Left, Presenting a Value-Add Opportunity By Re-Tenanting and Establishing Higher Rents When the Lease Expires in 2025
  • Property Has Accrued Double the Value in Equity in the Last Year, Based on Retesting Along With Repairs and Maintenance; Presents a Value-Add Opportunity in an Up and Coming Area of Fort Lauderdale
  • Property is 0.3-Miles Away From Sunrise Boulevard, Which Facilitates Over 54,939 VPD Going to and From Downtown Fort Lauderdale
  • Houses the Only Bar in This Area/Neighborhood, Only Bar in a 0.5- Mile Radius
  • Average Age Within 1-Mile is 30.3 Years of Age, Thus Presents a Great Demographic For a Restaurant and Bar Tenant Combination in the Center of a Neighborhood
  • Right in the Center of a Major MSA in Ft. Lauderdale; Population Within a 1-Mile Radius is 22,963, Population Within a 3-Mile Radius is 189,571
  • Located in the Center of Lower Income Neighborhood, Incentivizing Foot Traffic and Repeat Customers

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities