Available For Sale - Retail

14,600 SF | Show Pricing $

LISTED BY

Adam H. Klein
SVN | Commercial Partners, 561-282-9296

AVAILABILITY DETAILS

Size
14,600 SF
Price/SF
Show Pricing $
Listing ID
SA528400
Notes
SVN Commercial Partners is pleased to present for sale Powerline Shopping Center, a multi-tenant retail plaza located at 4010-4054 NW 9th Avenue in Oakland Park, Florida (Fort Lauderdale MSA). This strategically positioned plaza offers an exceptional investment opportunity in the heart of Broward County.



Powerline Shopping Center is 48% occupied. The vacancy consists of two small 800 square-foot vacancies and a stand-alone 6,000 square-foot vacant building that includes a monument/billboard with frontage along Interstate-95 providing further potential income for the Property. All tenants are on NNN leases, shouldering their fair share of expenses. Currently, the average rent stands at $14.36 per square foot, whereas comparable plazas in the vicinity command $20 per square foot. This presents a substantial 30% upside in rental income. Notably, the current landlord is not charging tenants for signage along the prominent high-rising portion of the building, offering significant leasing potential for advertising due to its exceptional visibility along Interstate-95.



Spanning an expansive 14,600 rentable square feet, Powerline Shopping Center comprises nine units spread across three buildings, all situated on a sprawling 1.5-acre lot. Powerline Shopping Center enjoys an unbeatable location at the NE corner of NW 40th St and Powerline Rd. Its strategic placement situates it midway between Commercial Blvd and Oakland Park Blvd.



Access to Powerline Shopping Center is incredibly convenient, featuring three points of ingress and egress. This configuration ensures easy entry from all directions. The Property capitalizes on its 615 feet of frontage along Powerline Rd and Interstate I-95, commanding a combined daily traffic count of 277,000 vehicles, uniquely positioning it as an ideal location for businesses seeking premier visibility.



Within a 3-mile radius, approximately 135,000 individuals reside in this vibrant community. The property offers an impressive parking ratio of 5.20 spaces per 1,000 rentable square feet, accommodating a wide spectrum of tenant needs.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Adam H. Klein, SVN | Commercial Partners
BRE# BK3403931