Listed by Marcus & Millichap - Fort Lauderdale
$2,550,000
The Savvy Bridal Building
Details
Property Type Retail
Sub Type Storefront
Square Footage 3,600
Net Rentable (SqFt) 3,600
Units 1
Cap Rate 5.53%
NOI $140,904
Occupancy 100%
Tenancy Single
Brand/Tenant Savvy Bridal
Lease Type NNN
Lease Term 5
Lease Expiration 12/31/2029
Remaining Term 3.6
Rent Bumps Yes
Lease Options 3 x 5 years
Price per SqFt $708
Class A
Year Built 1964
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.140
Parking Spaces 10 spaces
Parking Per SqFt 2.78
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 01/01/2025
Ground Lease No
Ownership Fee Simple
Prime E. Ft. Lauderdale Single Tenant Triple Net Lease Retail Asset
Investment highlights
Gut Renovated in 2024 – Including new roof, interior build-out, and exterior
• Triple Net Lease
• Annual 3% Rent Increases
• Tremendous Visibility
• Prime East Fort Lauderdale
• Major Retail Corridor
Listing Contacts
Listed by Marcus & Millichap - Fort Lauderdale
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,904.00
$11,742.00/mo
Valuation Metrics
0
DSCR
5.53%
Cap Rate
5.53%
ROI
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Tax History
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