Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 State Road 7
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This thriving liquor store presents a lucrative business opportunity in Plantation, Florida. Located on N State Rd 7 in Broward County (zip code 33317), this 2,900 square foot establishment boasts a strong 20-year lease with approximately 8.2 years remaining (commencing February 1, 2013, and expiring February 1, 2033, with two 10-year renewal options). The asking price is $2,500,000, representing a compelling $862.07 per square foot and a significant 20.20% cap rate, generating a substantial Net Operating Income (NOI) of $505,000. The business includes a valuable 4 COP license. The store enjoys a prime location along a busy retail corridor, surrounded by affluent residential areas. Six experienced employees are in place, and the seller offers training and transition support, even potentially continuing part-time employment if desired. All furniture, fixtures, and equipment (FF&E) are included in the sale price. The current inventory (valued at approximately $600,000-$800,000) is not included in the asking price. This is a cash-only transaction. The seller is retiring due to medical reasons. The business operates from 11 AM to 2 AM daily, and 1 PM to 2 AM on Sundays. The business has a strong reputation, loyal clientele, and significant potential for growth through expanded online presence, special events, and wholesale opportunities. All information provided is from the seller and should be independently verified.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plantation
- County
- Broward
- State
- Florida
- Longitude
- -80.2022
- Latitude
- 26.1289
