Newly Constructed Retail
1735 N Federal Hwy Hollywood, FL 33020
1735 N Federal Hwy, Hollywood, FL, 33020
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For Sale
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Class A retail center with high-traffic exposure in Hollywood, Florida.
Property Size6,200 SF
Price / SF$475.81
Days on Market634
Property Features for 1735 N Federal Hwy
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2020
Listing Agency
CBRE - Fort Lauderdale
Listed by
Benjamin Silver · License #FL: SL3197924
Source
Crexi
Added: Oct 23, 2024 Checked: Jul 17 at 2:33 pm
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 CBRE - Fort Lauderdale
Investment Insights
Based on property information with market context.
The property is a newly constructed, Class A retail center with approximately 6,200 square feet of space. It has direct frontage on N Federal Highway (US-1) in Hollywood, Florida, offering high traffic exposure with over 31,000 vehicles per day. The property is currently 64% occupied and features two vacant retail bays available for lease. It is shadow-anchored by a newly constructed Wawa to the north. The property provides easy ingress and egress with parking located in the rear. The tenant mix is diverse and stable, with additional value achievable through the lease-up of the vacant spaces. The existing leases are approximately 20% below current market rates, offering an investor the opportunity to increase rental rates.
Key Highlights
- Newly constructed (2020) Class A retail center.
- 64% occupancy with 2 vacant retail bays offering immediate lease‑up potential.
- Shadow‑anchored by a newly constructed Wawa.
Local 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 | $133.9k | $21.60 |
| − Vacancy | −$10.7k | −$1.73 |
| EGI | $123.2k | $19.87 |
| − OpEx | −$37.0k | −$5.96 |
| NOI | $86.2k | $13.91 |
6,200 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,244 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,781 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Advance America
Loan Service
Busy Lashes
Hair Salon
Insurance Network of Florida
Insurance Agency
Little Caesars Pizza
Restaurant
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FAQs
What type of property is this?
Shopping center - Class A retail center with high-traffic exposure in Hollywood, Florida.
Where is this shopping center located?
The property is located at 1735 N Federal Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Newly constructed (2020) Class A retail center.; 64% occupancy with 2 vacant retail bays offering immediate lease‑up potential.; Shadow‑anchored by a newly constructed Wawa.
