Stabilized Broward County Retail Strip - Walmart… — Sale in North Lauderdale, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: North Lauderdale, FL 33068

Photos

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Investment Figures

Cap rate
6.07%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 7910 West McNab Road, a recently constructed, 39,650-SF Class A multi-tenant retail center strategically located in North Lauderdale, shadow anchored to a Walmart Supercenter. Built in 2018, the property offers investors the opportunity to acquire a modern, highly occupied, income-producing retail asset with a strong tenant roster. The property is currently 96% occupied, anchored by established healthcare provider Mas Health Centers and complemented by national credit tenants including T-Mobile and Cricket Wireless. The tenant mix is further strengthened by proven daily-needs and service-oriented operators such as Mr. & Mrs. Crab Seafood and Beauty Exchange Beauty Supply, creating a diversified customer base and a resilient retail environment. Offered at $15,800,000, the property generates $959,066 of in-place NOI, representing a 6.07% going-in cap rate, with a proforma NOI of $988,867 supporting a 6.26% stabilized cap rate. The property's NNN lease structure significantly limits landlord obligations, while $470,226 of operating expenses are fully recovered through tenant reimbursements, providing additional protection to the income stream. The center also offers 200 parking spaces, or 5.03 spaces per 1,000 SF, supporting convenient access for both customers and tenants. Positioned along West McNab Road, the property benefits from strong surrounding retail activity and a dense South Florida population base. Its combination of recent construction, high occupancy, national credit tenancy, NNN lease structure, diversified daily-needs tenancy, and embedded lease-up upside makes 7910 West McNab Road a compelling opportunity for investors seeking a stable, low-management retail investment with additional income growth potential. Investment Highlights: • Built in 2018, the property features impact-resistant windows, a corrugated metal deck roof topped with lightweight concrete and a TPO membrane, with 12 years remaining on the roo

Market Context

This retail in North Lauderdale, FL is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in North Lauderdale, FL — view the full market.

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