Multi-Tenant Retail Strip
New
For Sale
$15,800,000
7910 W McNab Rd, North Lauderdale, FL 33068
The center has NNN leases, 200 parking spaces, and a tenant lineup that includes healthcare, wireless, dining, and beauty retailers.
Property Size39,650 SF
Price / SF$398.49
Days on Market2
Property Features for 7910 W McNab Rd
General Information
Standard status
Active
Size
39,650 SF
Total Parking Spaces
200
Property subtype
Shopping Strip
Occupancy
96%
Net Operating Income
$959,066
Financials
Asking Price
$15,800,000
Cap Rate
6.07%
Additional Details
Anchor Co-Tenants
Walmart, Mas Health Centers
Amenities
Built in 2018, the property features impact-resistant windows, a corrugated metal deck roof topped with lightweight concrete and a TPO membrane, with 12 years remaining on the roof warranty.
The property also offers 16-foot clear heights and a 200-space parking lot resurfaced in 2025 (5.04 spaces per 1,000 SF). These features contribute to a well-maintained, modern asset.
Established Tenancy Since 2018 - 13 of 17 tenants (76% of GLA) have been in place for nearly the entirety of the property's operating history since its 2018 development.
Walmart Shadow-Anchored - ±40,000 SF Neighborhood Center adjacent to a Walmart Supercenter and surrounded by El Car Wash, Burger King, AutoZone and AT&T. The center's 17 bays house service-oriented tenant mix of restaurants, services, and a medical user.
Attractive Seller Financing - Seller Financing at 5.5% Interest-Only with 40% Down for a 5-year term provides a cash-on-cash return of over 6.9%.
A Growing Corridor - Located on West McNab Road, which carries over 46,000 vehicles per day, the property is less than 2 miles from HCA Hospital and 10-minutes from FTL Executive Airport. With 185,919 residents within a 3-mile radius, the property is well positioned to benefit from continued growth.
Building Details
Building Size
39,650 SF
Year Built
2018
Tenancy
Multi
Parking Ratio
5.03 per 1,000 SF
Listing Agency:
Marcus & Millichap
Listed By:
Jonathan De La Rosa · License #License(s): FL: SL3283433
(786) 522-7027
Source:
Marcusmillichap
Added: Oct 11
Last Checked: Oct 11 at 2:44PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Built in 2018, this 39,650-square-foot retail center in North Lauderdale is configured for multiple tenants and was 96% occupied. Its roster includes Mas Health Centers, T-Mobile, Cricket Wireless, Mr. & Mrs. Crab Seafood, and Beauty Exchange Beauty Supply. NNN leases govern the property.
The center is on West McNab Road and is shadow-anchored by a Walmart Supercenter. It provides 200 parking spaces, equal to 5.03 spaces per 1,000 square feet.
The center is on West McNab Road and is shadow-anchored by a Walmart Supercenter. It provides 200 parking spaces, equal to 5.03 spaces per 1,000 square feet.
Key Highlights
- 39,650‑square‑foot multi‑tenant retail center built in 2018
- 96% occupied
- Tenant roster includes Mas Health Centers, T‑Mobile, Cricket Wireless, Mr. & Mrs. Crab Seafood, and Beauty Exchange Beauty Supply
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$670,450
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,409,000
$13.4M
Cap Rate 7%
$9,577,857
$9.6M
Cap Rate 9%
$7,449,444
$7.4M
Market Conditions
NOI Build-Up for 39,650 SF
Gross rent
$1.05M $26.40/SF
− Vacancy
−$89.0K −$2.24/SF
EGI
$957.8K $24.16/SF
− OpEx
−$287.3K −$7.25/SF
NOI
$670.4K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,409,000
Cap Rate 7%
$9,577,857
Cap Rate 9%
$7,449,444
Alternative Uses
Best Use
Retail
$9.58M
$8.38M – $11.17M
NOI $670,450 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.12M
$17.60M – $23.47M
NOI $1,408,128 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
96%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
229k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Groceries 20%
Shops & Services 19%
Dining 10%
Walmart
Superstores
105,710 visits/mo
0.2 miles
Publix
Groceries
45,934 visits/mo
0.3 miles
Marathon
Shops & Services
12,317 visits/mo
0.5 miles
Pollo Tropical
Dining
10,754 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,129 visits/mo
0.3 miles
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
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 South region
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Frequently Asked Questions
What type of property is this?
Strip mall - The center has NNN leases, 200 parking spaces, and a tenant lineup that includes healthcare, wireless, dining, and beauty retailers.
Where is this strip mall located?
The property is located at 7910 W McNab Rd North Lauderdale, FL.
What is the asking price?
The asking price for this property is $15,800,000.
What are key features of this property?
This property features: 39,650‑square‑foot multi‑tenant retail center built in 2018; 96% occupied; Tenant roster includes Mas Health Centers, T‑Mobile, Cricket Wireless, Mr. & Mrs. Crab Seafood, and Beauty Exchange Beauty Supply
