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3920 Prospect Rd Fort Lauderdale, FL 33319

Sponsored
For Sale
$3,788,000

New Retail Center, NNN Leases, High ROI

Property size:
6,825 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a newly constructed, 6,825 square foot retail strip center in Fort Lauderdale, Florida. Located at 3920 Prospect Rd, this single-story building features four tenants, including a drive-thru, boasting 100% occupancy and a strong NOI of $218,351. The property sits on a 41,329 square foot lot with ample parking (35 spaces). Built in 2024, the center offers modern amenities such as 18-foot clear height, hurricane-resistant windows, and a twin T concrete roof. Benefiting from a prime location near US Highway 441 and Prospect Road (over 65,000 vehicles per day), and within one mile of Fort Lauderdale Executive Airport, this property provides excellent visibility and accessibility. The NNN leases minimize management responsibilities, ensuring a streamlined investment experience. The asking price is $3,788,000, representing a 5.76% cap rate. This is a rare chance to acquire a high-performing, low-maintenance retail asset in a thriving Florida market. The tenant mix includes Cali Coffee, LaundroMart, a Barber Shop, and a master lease. The property's strategic location and modern design make it an attractive investment for discerning buyers seeking strong returns and minimal operational overhead.

Property Features for 3920 Prospect Rd

General Information

Property type
Individual retail properties
Square Feet
6,825 SF

Building Details

Year Built
2024
Buildings
1
Stories
1
Units
4

HighLights

  • New construction retail strip with drive‑thru, situated at the intersection of US Hwy 441 and Prospect Road.
  • Tenanted by e‑commerce resilient businesses including Cali Coffee, Laundro Mart, and a Barber Shop.
  • High visibility location with excellent access from US Hwy 441 and Prospect Road, boasting 65,000 vehicles per day.
  • NNN leases provide minimal landlord responsibilities with all expenses reimbursed by tenants.
  • Building features 18‑foot clear height, hurricane‑resistant windows, and a twin‑tee concrete roof.
  • 41,000+ SF lot with ample parking (35 spaces, exceeding 5 spaces per 1,000 SF).
Property Profile Location Intelligence

Current Use by Public Records

Cali Coffee Coffee Shop

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Fort Lauderdale
County
Broward
State
Florida
Longitude
-80.2023537
Latitude
26.1948003

FAQs

What type of property is this?
Individual retail property - New Retail Center, NNN Leases, High ROI
Where is this individual retail property located?
The property is located at 3920 Prospect Rd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,788,000.
What are key features of this property?
This property features: New construction retail strip with drive-thru, situated at the intersection of US Hwy 441 and Prospect Road.; Tenanted by e-commerce resilient businesses including Cali Coffee, Laundro Mart, and a Barber Shop.; High visibility location with excellent access from US Hwy 441 and Prospect Road, boasting 65,000 vehicles per day.
More about this property
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