Fort Lauderdale Family Dollar
3021 NW 19th St, Fort Lauderdale, FL 33311
Single tenant NNN leased Family Dollar in Fort Lauderdale.
Type:Retail
Property size:
8,257 SFPrice / SF:
$302/SF- Added:
- Mar 23, 2023
- Days on Market:
- 1198
- Last Refresh:
- May 12 at 8:10 pm
Property Features for 3021 NW 19th St
General Information
- Standard status
- Active
- Size
- 8,257 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing office TD Commercial Group
Listing date Mar 23, 2023
Source Crexi
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 TD Commercial Group
HighLights
- Absolute NNN Lease provides passive income with zero landlord responsibilities.
- 15‑year lease backed by Family Dollar, the largest retailer of its type.
- Newly built (2016) 8,257 square foot free‑standing retail building.
- Located in Fort Lauderdale, "The Yachting Capital of the World," a rapidly growing market.
- Centrally located along a busy thoroughfare, near the Atlantic Ocean.
- Rent increases in Year 11 and each Option Renewal Period.
Overview
This is a single tenant, absolute triple net lease (NNN) investment opportunity located in Fort Lauderdale, Florida. The property features a newly built 8,257 square foot free-standing retail building constructed exclusively for Family Dollar in 2016. The offering includes an original 15-year absolute NNN lease with 7 years remaining before the option periods, backed by Family Dollar. The property is centrally located in Fort Lauderdale, along a busy east-west thoroughfare, in close proximity to the Atlantic Ocean. The location benefits from a residential and regional shopping atmosphere. The property has zero landlord responsibilities, with rent increases scheduled in Year 11 of the primary term and each of the option renewal periods. This fee simple offering presents an opportunity to secure new market financing, ensuring secure long-term passive cash flow to the investor.
Local Financial Insights For Specialty 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 | $237.8k | $28.80 |
| − Vacancy | −$16.2k | −$1.96 |
| EGI | $221.6k | $26.84 |
| − OpEx | −$55.4k | −$6.71 |
| NOI | $166.2k | $20.13 |
8,257 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,223 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$2.10M
$1.84M – $2.45M
NOI $147,082 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$5.55M
$4.86M – $6.47M
NOI $388,409 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar Places Nearby
- La Madame Supermarket — 1548 NE 4th Ave, Fort Lauderdale, FL 33304
- Price Choice Foodmarket 3 — 1941 NW 9th Ave, Fort Lauderdale, FL 33311
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.183782
- Latitude
- 26.0978654
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single tenant NNN leased Family Dollar in Fort Lauderdale.
Where is this grocery and convenience store located?
The property is located at 3021 NW 19th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Absolute NNN Lease provides passive income with zero landlord responsibilities.; 15‑year lease backed by Family Dollar, the largest retailer of its type.; Newly built (2016) 8,257 square foot free‑standing retail building.
