Collision Center NNN Investment
For Sale
$4,235,000
1165 NW 55 Street, Fort Lauderdale, FL 33309
NNN leased collision center in Fort Lauderdale with long-term tenant.
Property Size11,588 SF
Price / SF$365.46
Days on Market209
Property Features for 1165 NW 55 Street
General Information
Standard status
Active
Size
11,588 SF
Property subtype
Industrial
Building Details
Building Size
11,588 SF
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: Aug 12
Last Checked: Aug 23 at 2:49AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$206,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,128,360
$4.1M
Cap Rate 7%
$2,948,829
$2.9M
Cap Rate 9%
$2,293,533
$2.3M
Market Conditions
NOI Build-Up for 11,588 SF
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.
Gross rent
$319.8K $27.60/SF
− Vacancy
−$24.9K −$2.15/SF
EGI
$294.9K $25.45/SF
− OpEx
−$88.5K −$7.63/SF
NOI
$206.4K $17.81/SF
Area
Fort Lauderdale, FL
Vacancy
7.80%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,128,360
Cap Rate 7%
$2,948,829
Cap Rate 9%
$2,293,533
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,796
Businesses Nearby
223k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Superstores 32%
Dining 25%
Home Improvements & Furnishings 1%
BJ's Wholesale Club
Superstores
70,632 visits/mo
0.4 miles
BJ's Gas
Shops & Services
39,350 visits/mo
0.4 miles
McDonald's
Dining
22,222 visits/mo
0.5 miles
Mobil
Shops & Services
15,008 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,830 visits/mo
0.4 miles
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
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
