410-430 Sample Rd Pompano Beach, FL 33064

Property Details for 410-430 Sample Rd

Year built

1966

Property size

7,708 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Pompano Beach investment opportunity presents a 7,708 square foot retail strip center situated on a high-traffic corridor of East Sample Road in Broward County, Florida (zip code 33064). The property, comprised of two single-story buildings totaling six units and currently 84% occupied by five tenants, offers a compelling value-add proposition. Built in 1966, the property sits on a 26,000 square foot lot and includes 28 parking spaces. The asking price is $3,400,000, representing a 3.80% cap rate with a pro-forma cap rate of 7.25%. The property is zoned B-3, allowing for a variety of retail uses. Located near the intersection of East Sample Road and North Federal Highway, the property benefits from high visibility and significant daily traffic counts exceeding 39,000 vehicles on Sample Road and over 54,500 on Federal Highway. The location provides convenient access to I-95 and affluent surrounding neighborhoods with average household incomes exceeding $100,000 within a one-mile radius. Rent bumps are available, and the property features a multi-tenant lease structure (NNN). This prime retail space presents a strong opportunity for investors seeking to capitalize on the growing Pompano Beach market, characterized by a low vacancy rate of 2.2% and rent increases of 4.6% in the past year. The property's versatile configuration and high-traffic location make it ideal for a variety of retail businesses.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Longitude

-80.1174

Latitude

26.2749