Collision Center NNN Investment
1165 NW 55 Street Fort Lauderdale, FL 33309
For Sale
$4,235,000
NNN leased collision center in Fort Lauderdale with long-term tenant.
Property Size11,588 SF
Price / SF$365.46
Days on Market182
Property Features for 1165 NW 55 Street
General Information
- Standard status
- Active
- Size
- 11,588 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing Agency:
Berger Commercial Realty Corp - Fort Lauderdale
(954) 494-3091
Listed By:
Steve Hyatt · License #FL #BK411032
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 27 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berger Commercial Realty Corp - Fort Lauderdale
Investment Insights
Based on property information with market context.
This sale offering features a NNN lease collision center property leased to Classic Collision, a national chain with over 300 centers owned by TPG (NASDAQ: TPG). The property is situated in northeast Fort Lauderdale, north of Commercial Boulevard and west of I-95. The initial lease term is 15 years, with three five-year options to renew, each including fixed 5% increases every five years. Landlord responsibilities are minimal, limited to the roof and structure. The buildings are well-maintained and in excellent condition. The offering includes two buildings and two additional storage lots. The property is located in central Broward and tenanted by a recession-proof business.
Key Highlights
- Long‑term NNN lease with a major publicly traded tenant (TPG/Classic Collision)
- Located in a central Broward location, NE Fort Lauderdale, near Commercial Boulevard and I‑95
- Initial 15‑year lease term with (3) five‑year renewal options
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.8k | $27.60 |
| − Vacancy | −$24.9k | −$2.15 |
| EGI | $294.9k | $25.45 |
| − OpEx | −$88.5k | −$7.63 |
| NOI | $206.4k | $17.81 |
11,588 SF · lease $27.60/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.95M
$2.58M – $3.44M
NOI $206,418 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$2.39M
$2.09M – $2.79M
NOI $167,326 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$7.79M
$6.81M – $9.09M
NOI $545,100 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Classic Collision
Auto Repair Shop
National Car Rental
Car Rental Facility
Enterprise Rent-A-Car
Car Rental Facility
Similar Off Market Nearby
- JB Bodyshop — 4700 NW 10th Ave, Fort Lauderdale, FL 33309
- fixit Mechanical service — 4632 nw 8th terrace, fort lauderdale, fl 33309
- Los Brothers Autorepair — 4800 NW 8th Terrace, Oakland Park, FL 33309
- Metro Welding & Fabrication — 4702 NW 8th Terrace, Oakland Park, FL 33309
- Rubens Auto Service — 4650 NW 8th Terrace, Oakland Park, FL 33309
FAQs
What type of property is this?
Auto shop - NNN leased collision center in Fort Lauderdale with long-term tenant.
Where is this auto shop located?
The property is located at 1165 NW 55 Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,235,000.
What are key features of this property?
This property features: Long‑term NNN lease with a major publicly traded tenant (TPG/Classic Collision); Located in a central Broward location, NE Fort Lauderdale, near Commercial Boulevard and I‑95; Initial 15‑year lease term with (3) five‑year renewal options
