Walmart NNN Retail
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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 Market5
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
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
(786) 522-7017
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 2:42PM
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
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 = 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
$2,804,823
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
9.17%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
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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
