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27036363
27036175

2521 E Commercial Blvd, Fort Lauderdale, FL 33308 For Sale

DC
FL 3119773
Stiles
Stiles
Listed by Stiles
$3,600,000
305 days on market
Updated 51 days ago

EverBank

Details
Property Type Retail
Sub Type Bank
Square Footage 2,411
Cap Rate 5.80%
NOI $209,546
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 11/01/2030
Remaining Term 4.3
Rent Bumps Yes
Price per SqFt $1,493
Acreage 0.570
Investment Type Net Lease
Lease Commencement 11/01/2025
Ground Lease No

NNN Lease Investment Opportunity in Fort Lauderdale

Marketing description

Stiles Retail Group is pleased to offer this opportunity to acquire fee simple ownership in a prime income-producing corner. EverBank occupies the parcel with a long-term ground lease in place. The full-service branch with drive-lane is located along Commercial Boulevard in the highly desirable East Fort Lauderdale submarket of Broward County, Florida. The site features:

  • Bank-backed triple net lease with Annual increases and options to extend.
  • Tenant recently executed a new lease effective November 1, 2025, for a five-year term.
  • The lease structure includes 3% annual increases to base rent for the term and option periods.
  • Lease includes two options to extend, each by an additional 5 years

Opportunity to invest in absolute triple net ground lease ownership of income-producing property.

  • Tenant is responsible for payment of CAM, Property Taxes, Property Insurance, and is responsible for maintaining the property.
  • Investor enjoys stable income and fee simple land ownership.
  • Great corner access and exposure - The site location provides the investor with an opportunity to acquire a highly desirable position in the exclusive East Fort Lauderdale market.
  • Landlord responsibilities are limited to the roof and structure.

The building provides a highly desirable footprint at 2400 ft.² with a drive-through.

  • Position design and layout allow for a multitude of uses as potential future replacements.
  • Current rental structure aligns with market and could be replaced in the future with a financial institution or if desired, fast casual/QSR at a higher per square foot rate.
  • Corner provides direct access to The Landings, Coral Ridge, and Lauderdale by the Sea. Each of these sub-markets includes elegant lots and waterfront residential as well as high-end street-front retail with national brands.

Investment highlights

  • Tenant executed 5-year new lease commencing Nov 1, 2025, with two 5-year options to extend
  • Lease provides for 3% annual base rent increases throughout term and options
  • 2,411 SF building with drive-through and bypass lanes
  • Hard corner position with full access
  • Fronting busy Commercial Blvd between US1 and Bayview Drive
  • EverBank boasts total assets more than $34.6 billion and has held the naming rights to EverBank Stadium, home of the NFL’s Jacksonville Jaguars since 2010

Listing Contacts

DC
FL 3119773
Stiles
Stiles
Listed by Stiles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$209,546.00
$17,462.17/mo

Valuation Metrics

0
DSCR
5.82%
Cap Rate
5.82%
ROI

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Additional Information

Name
Dan Coyle
License
3119773
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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