Walmart NNN Retail
For Sale
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2500 W BROWARD BLVD, Fort Lauderdale, FL 33312
Freestanding single-tenant retail building leased under an absolute NNN structure with a long remaining lease term.
Property Size157,459 SF
Lot Size15.61 Acres
Price / SF$194.33
Days on Market50
Property Features for 2500 W BROWARD BLVD
General Information
Standard status
Active
Size
157,459 SF
Lot size
15.61 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Neighborhood
Rlca
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$1,300,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Gabriel Britti · License #FL SL3211804
(518) 269-0496
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 6:16AM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
This fee simple interest includes a freestanding, single-tenant Walmart Supercenter with approximately 157,459 square feet of retail space on a 15.61-acre parcel. The property is subject to a 20-Year absolute NNN lease that began October 30, 2015, with scheduled 5.00% rent increases during the option periods.
Located at 2500 W Broward Boulevard in Fort Lauderdale, the property has frontage on a primary east-west commercial corridor and direct access to Interstate 95. Combined traffic exposure along West Broward Boulevard and I-95 exceeds 336,000 vehicles per day. The surrounding 5-mile trade area includes more than 415,000 residents and 167,000+ households, with average household income of $98,057.
National, regional, and local retailers in the surrounding corridor include Marshalls, Five Below, Planet Fitness, Wawa, IHOP, McDonald's, Starbucks, Public Storage, and U-Haul. Walmart is the existing corporate tenant and operates across retail stores and eCommerce platforms in 19 countries.
Located at 2500 W Broward Boulevard in Fort Lauderdale, the property has frontage on a primary east-west commercial corridor and direct access to Interstate 95. Combined traffic exposure along West Broward Boulevard and I-95 exceeds 336,000 vehicles per day. The surrounding 5-mile trade area includes more than 415,000 residents and 167,000+ households, with average household income of $98,057.
National, regional, and local retailers in the surrounding corridor include Marshalls, Five Below, Planet Fitness, Wawa, IHOP, McDonald's, Starbucks, Public Storage, and U-Haul. Walmart is the existing corporate tenant and operates across retail stores and eCommerce platforms in 19 countries.
Key Highlights
- Approximately 157,459 square feet of retail space
- 15.61‑acre parcel with frontage on West Broward Boulevard
- 20‑Year absolute NNN lease commenced October 30, 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,804,823
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$56,096,460
$56.1M
Cap Rate 7%
$40,068,900
$40.1M
Cap Rate 9%
$31,164,700
$31.2M
Market Conditions
NOI Build-Up for 157,459 SF
Gross rent
$4.35M $27.60/SF
− Vacancy
−$339.0K −$2.15/SF
EGI
$4.01M $25.45/SF
− OpEx
−$1.20M −$7.63/SF
NOI
$2.80M $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 Rate 5%
$56,096,460
Cap Rate 7%
$40,068,900
Cap Rate 9%
$31,164,700
Alternative Uses
Best Use
Retail
$40.07M
$35.06M – $46.75M
NOI $2,804,823 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$105.81M
$92.59M – $123.45M
NOI $7,406,871 @ 7.0% cap · market cap 24.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
415k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 29%
Dining 28%
Apparel 6%
Walmart
Superstores
141,526 visits/mo
0.1 miles
Wawa
Shops & Services
43,223 visits/mo
0.2 miles
RaceTrac
Shops & Services
28,524 visits/mo
0.1 miles
Five Below
Shops & Services
24,596 visits/mo
0.1 miles
McDonald's
Dining
22,024 visits/mo
0.1 miles
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding single-tenant retail building leased under an absolute NNN structure with a long remaining lease term.
Where is this nnn property located?
The property is located at 2500 W BROWARD BLVD Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $30,598,250.
What are key features of this property?
This property features: Approximately 157,459 square feet of retail space; 15.61‑acre parcel with frontage on West Broward Boulevard; 20‑Year absolute NNN lease commenced October 30, 2015
