1026 NW 9th Ave
Retail | 7.41% CAP | 2,700 SqFt
Marketing description
Located in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown and I-95, this 2,700 SF commercial property at 1026 NW 9th Ave offers excellent exposure along a high-traffic corridor with roughly 31,500 vehicles per day. The property features 10 parking spaces and a new roof for reliability. Fully occupied by three tenants—two restaurants and a beauty supply store—it generates an NOI of $75,845.67. All tenants have scheduled rent increases—two in January 2026 and one in December this year—creating immediate and continued income growth. With a pro forma GOI of $105,828.00, this fully leased asset offers stable cash flow and strong upside through rent escalations and potential NNN conversion.
Investment highlights
Prime Location: Situated in the Progresso Village / South Middle River area of Fort Lauderdale, just minutes from Downtown Fort Lauderdale and I-95, with excellent visibility along a high-traffic corridor averaging approximately 31,500 vehicles per day.
Stable Cash Flow: Fully occupied by three tenants—two restaurants and a beauty supply store—currently generating an NOI of $75,845.67, providing immediate in-place income.
Built-In Rent Growth: All tenants have scheduled rent increases, with one occurring in December 2025 and the remaining two in January 2026, creating near-term revenue growth.
Property Features: The 2,700 SF commercial building includes 10 dedicated parking spaces and a new roof, offering long-term reliability and reduced maintenance needs.
Value-Add Potential: With a pro forma GOI of $105,828.00, the property offers upside through contractual rent escalations and the potential conversion to a NNN lease structure to further enhance returns.
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