2759 Oakland Park Blvd, Oakland Park, FL 33311-1335

This exceptional single-tenant retail property at 2759 W Oakland Park Blvd, Oakland Park, FL 33311, presents a compelling investment opportunity. The 2,706 square foot building, constructed in 1985 and renovated in 2023, sits on a 0.64-acre lot and boasts 36 parking spaces. Currently leased under a NNN (Net, Net, Net) agreement with a single tenant, the property offers a stabilized investment with a 4.68% cap rate and a strong net operating income (NOI) of $87,947. The lease, commencing December 1, 2022, and expiring November 30, 2027, has a remaining term of three years, with two 2-year renewal options. Rent increases at 4% annually provide predictable growth and enhanced long-term profitability. The property is zoned B-1 and benefits from its prime location on a busy thoroughfare in Oakland Park, ensuring high visibility and accessibility. The hassle-free investment experience is further enhanced by the NNN lease structure, which places responsibility for property expenses (taxes, insurance, and maintenance) on the tenant. This 100% occupied, Class B property offers a significant return on investment with minimal management requirements. The asking price is $1,880,000, translating to a price per square foot of $694.75.