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    6390 W Oakland Park Blvd Sunrise, FL

    For Sale
    $3,119,000

    Retail property with long-term tenant and income growth potential.

    Property size:
    7,150 SF
    Lot size:
    0.92 Acres

    Property Features for 6390 W Oakland Park Blvd

    General Information

    Size
    7,150 SF
    Lot size
    0.92 Acres

    Source: SRS Real Estate Partners | Fort Lauderdale Agent Connor Barton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Established Tenant

    The property is occupied by Advance Auto Parts, which operates over 4,700 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico, and the U.S. Virgin Islands. Founded in 1932, Advance Auto Parts has recently exercised their first option, which will commence November 1, 2024. The tenant has two remaining five-year options. The lease includes $0.50 per square foot increases at the beginning of each option period, increasing net operating income.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    SPARE PARTS AUTOMOTIVE GROUP LLC, Autotech mobile mechanic, Lauderhill Nearby TowTruck Service, Finish & Done Automotive Mobile Services, NICK SHELS AUTO REPAIR & TIRE

    Map

    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.1086589
    Latitude
    26.1426111

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    FAQs

    What type of property is this?
    Auto shop - Retail property with long-term tenant and income growth potential.
    Where is this auto shop located?
    The property is located at 6390 W Oakland Park Blvd Sunrise, FL.
    What is the asking price?
    The asking price for this property is $3,119,000.
    What are key features of this property?
    This property features: - Advance Auto Parts recently exercised their first option, demonstrating tenant commitment.; - The tenant has 2 (5-year) options remaining, providing long-term income potential.; - Lease includes $0.50/SF increases at the beginning of each option period, increasing NOI.
    (954) 479-9476
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6390 W Oakland Park Blvd Sunrise, FL
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