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New Construction Retail Strip Center at 3920 Prospect Road

New Construction Retail Strip Center at 3920 Prospect Road
FOR SALE
View more

$3,788,000

3920 Prospect Road, Fort Lauderdale, FL 33309

6,825 SF

Square Feet

$555

PPSF

5.76%

CAP

Property Description

NOI

$218,189

Cap Rate

5.76%

Marcus & Millichap is pleased to present for sale this new construction, NNN Strip Center, located at 3920 Prospect Road North Lauderdale, Florida within the greater Fort Lauderdale MSA. The subject property consists of a 6,825 SF,Four tenant retail strip center with an End Cap Drive Thru on a 41,329 SF lot. Currently occupied by Cali Coffee, LaundroMart, Barber Shop, and a Master Lease. The Strip Center islocated off the corner of US Highway 441 and Prospect Road which has over 65,000 Vehicles Per day. The property is situated within 1 miles of the Fort Lauderdale Executive Airport which ranks as one of the Nation's busiest general aviation airports with over 160,000 annual flights.


The property benefits from great visibility and numerous access points. Newly constructed, the center boasts beautiful curb appeal, no deferred maintenance, strong tenants, and easy to manage NNN leases.Constructed in 2024, the property has 18 Feet of clear height, hurricane resistant windows, and a Twin T Concrete roof.


This is an incredible opportunity for an investor to acquire a new, well located, higher return investment in the State of Florida, a no income tax state. The drive thru component of the asset along with the neighboring Murphy USA Gas Station ensures an investor the continued flow of traffic throughout the center.


Property Details

Asset Type

Retail

Year Built

2024

Lot Size

41,329 SF

Neighborhood

Pompano Park

Submarket

Fort Lauderdale

ZIP

33309

Listing Type

sale

Net Operating Income (NOI)

$346,157

Debt Service Coverage Ratio (DSCR)

1.61x

Cap Rate

9.14%

Cash Flow (Annual)

$130,673

Cash-on-Cash Return

13.80%

Monthly Debt Service

$17,957

Annual Debt Service

$215,485

View on Map

Address

3920 Prospect Road

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Fort Lauderdale Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Matthew Albregts

Matthew Albregts

Senior Associate

27 closed

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Jonathan De La Rosa

Jonathan De La Rosa

Senior Vice President

60 closed

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Send a Message

Matthew Albregts

Matthew Albregts

Senior Associate

27 closed

Call
Jonathan De La Rosa

Jonathan De La Rosa

Senior Vice President

60 closed

Call