Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fort Lauderdale Family Dollar Investment Title is generated by Realmo AI

    3021 NW 19th St, Fort Lauderdale, FL 33311

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single tenant NNN leased Family Dollar in Fort Lauderdale.

    Type:Retail
    Property size:
    8,257 SF
    Price / SF:
    $302/SF
    Added:
    Mar 23, 2023
    Days on Market:
    1147
    Last Refresh:
    Mar 17 at 1:23 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

    We can help!

    Listing Contact
    Ted Dowding

    Listing agent Ted Dowding License #FL BK3344615

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    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

    • $400,000
      3,120 SF

      Fort Lauderdale Restaurant Opportunity

      Turnkey restaurant with liquor license near Fort Lauderdale Beach.
      1025 N Federal Highway, Fort Lauderdale, FL
      View Details
    • $697,000
      2,500 SF

      Established Italian Restaurant in Fort Lauderdale

      Successful restaurant with loyal clientele in Fort Lauderdale's historic district.
      1 Fort Lauderdale, Fort Lauderdale, FL 33308
      View Details
    • $900,000

      Fort Lauderdale Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant with high ratings and growth potential.
      511 SE 5th Ave (Restaurant), Fort Lauderdale, FL 33301
      View Details
    • $3,600,000

      Sunrise Boulevard Commercial Investment Opportunity

      Commercial property with multiple income streams on Sunrise Boulevard.
      2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $710,000

      Fort Lauderdale Retail/Office Building

      Freestanding retail/office building on Federal Hwy, Fort Lauderdale.
      1200 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $1,900,000

      Fort Lauderdale Office/Warehouse Opportunity

      Freestanding office/warehouse with B-3 zoning in a desirable location.
      1143 NE 7th Ave, Fort Lauderdale, FL 33304
      View Details
    • $1,200,000

      High Visibility Retail Opportunity

      Retail space with high visibility and easy access.
      1744 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
    • $98,000

      Boba Tea Shop Opportunity

      Turnkey boba tea shop for sale on North Federal Highway.
      Boba Tea Shop For Sale On Busy North Federal Hwy, Fort Lauderdale, FL 33304
      View Details
    • $699,950

      Fort Lauderdale Office Space Available

      1858 Sq Ft office space with high-end finishes.
      2455 E Sunrise Boulevard, Fort Lauderdale, FL 33304
      View Details
    • $899,000
      2,664 SF

      Fort Lauderdale Fourplex Near Beach

      Four-unit apartment building near the beach with income potential.
      5821 NE 18th Ave, Fort Lauderdale, FL 33334
      View Details
    • $6,000,000

      Boutique Hotel Investment Opportunity

      Turn-key, 17-unit boutique hotel in Fort Lauderdale.
      505 SE 16th St, Fort Lauderdale, FL 33316
      View Details
    • $1,549,000
      4,854 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Well-maintained 6-unit property near the beach with upside potential.
      2633 Middle River Drive, Fort Lauderdale, FL 33306
      View Details

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ted Dowding
    Real Estate License ID: FL BK3344615
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3021 NW 19th St, Fort Lauderdale, FL 33311
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!