Listed by Native Realty
$5,000,000
Shoppes at Seaside
Details
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 13,743
Units 5
Cap Rate 4.30%
NOI $216,000
Occupancy 43%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.37%
Pro-Forma NOI $542,619
Price per SqFt $364
Class A
Year Built 2023
Investment Type Value Add
Retail | 4.30% CAP | 13,743 SqFt
Marketing description
Native Realty is pleased to present a rare opportunity to acquire five retail suites located within a newly constructed mixed-use development at 4 N Federal Hwy in Dania Beach, Florida. Delivered in 2023, the asset offers direct frontage on both Federal Highway and Dania Beach Boulevard.
The 13,743 SF ground-floor retail is situated beneath a 615,846 SF residential building currently ~90% leased, providing a built-in and growing customer base. The property also benefits from an attached Tru by Hilton hotel. Two of the five suites are leased; three remaining are in shell condition. Suite 500 & 600 have grease trap connectivity and venting for food & beverage concepts.
Investment highlights
- Frontage on Federal Hwy & Dania Beach Blvd with strong visibility
- Ground floor retail beneath a 615,846 SF residential building
- Suites 500 & 600 include grease trap connection and venting for hood
- Covered ground floor retail parking
Listing Contacts
Listed by Native Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,000.00
$18,000.00/mo
Valuation Metrics
0
DSCR
4.32%
Cap Rate
4.32%
ROI
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