Beauty Suites Signs 10-Year NNN Lease At The Adderley In Fort Lauderdale With Shanna Naim
501 Northwest 7th Avenue
$35
$35/SF
Building Size
7,900 SF
Asset Type
Mixed-use
Closing
May 26, 2026
AI
The asset involved in this transaction is a mixed-use property located at 501 Northwest 7th Avenue in Fort Lauderdale, FL. The total square footage of the property is 7,900 sq. ft. The property is being leased under a NNN lease type and the lease term is set for 10 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Landlord: Altis Cardinal
- Tenant: Beauty Suites
- Tenant's Representative: Shanna Naim - Skyview Real Estate Partners
- Lease Term: 10 Years
- Lease Type: NNN Lease
Shanna Naim of Skyview Real Estate Partners represented Beauty Suites, a national executive cosmetology suites tenant, in the lease agreement. Beauty Suites operates 600+ locations and is actively seeking additional sites in South Florida. For inquiries about landlord or tenant representation, contact Shanna Naim via email at [email protected].
Players
Fort Lauderdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93