Fort Lauderdale Family Dollar
For Sale
Contact for pricing
3021 NW 19th St, Fort Lauderdale, FL 33311
Single tenant NNN leased Family Dollar in Fort Lauderdale.
Property Size8,257 SF
Price / SF$278.55
Days on Market1250
Property Features for 3021 NW 19th St
General Information
Standard status
Active
Size
8,257 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$142,674
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
TD Commercial Group
Listed By:
Ted Dowding · License #FL BK3344615
Source:
Crexi
Added: Mar 23, 2023
Changed: Aug 8
Last Checked: Aug 23 at 6:23AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$166,223
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
7.23%
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%
$3,324,460
$3.3M
Cap Rate 7%
$2,374,614
$2.4M
Cap Rate 9%
$1,846,922
$1.8M
Market Conditions
NOI Build-Up for 8,257 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
$237.8K $28.80/SF
− Vacancy
−$16.2K −$1.96/SF
EGI
$221.6K $26.84/SF
− OpEx
−$55.4K −$6.71/SF
NOI
$166.2K $20.13/SF
Area
Fort Lauderdale, FL
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
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%
$3,324,460
Cap Rate 7%
$2,374,614
Cap Rate 9%
$1,846,922
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,223 @ 7.0% cap · market cap 7.23%
Second Best
Retail
$2.10M
$1.84M – $2.45M
NOI $147,082 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$5.55M
$4.86M – $6.47M
NOI $388,409 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 76%
Shops & Services 24%
Winn-Dixie
Groceries
17,238 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,533 visits/mo
0.5 miles
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Retail in Fort Lauderdale, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Drive-Thru Food Mart — 3390 Davie Blvd, Fort Lauderdale, FL 33312
- Ideal Food Basket of Fort Lauderdale — 2750 Davie Blvd, Fort Lauderdale, FL 33312
- Meat store — 2789 Davie Blvd, Fort Lauderdale, FL 33312
Frequently Asked Questions
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 $2,300,000.
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.
