Property profile

3701 Andrews Ave Oakland Park, FL 33309

OFF-MARKET
Turn key restaurants
Property ID
US19-0647754
1,209 SF 0.3 ac lot Built 1966
Entity Owned 22-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional standalone retail property, located at 3701 N Andrews Ave in Oakland Park, Florida (33309), presents a compelling investment opportunity. The 1,209 square foot building is currently 100% occupied by a restaurant operating under a triple-net (NNN) lease, with a remaining term of three years expiring in February 2025. The asking price is $1,099,999, translating to a price per square foot of $909.84. The current lease is below market value, offering significant potential for rental income growth upon lease expiration. The property benefits from a substantial parking area, catering to the needs of both the tenant and patrons. Situated in a high-traffic area within Broward County, this location enjoys the advantages of a thriving market characterized by increasing rental rates and a growing population. This presents a rare chance to acquire a stable, income-generating asset with considerable upside potential in a dynamic and desirable location. The tenant is responsible for all property taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. This turnkey investment is ideal for those seeking a strong return on investment in a prime commercial location. The property's single-tenant occupancy simplifies management and reduces risk, making it an attractive option for both seasoned and new investors.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1966
Construction CONCRETE
Total area 1,209 SF
Lot 0.3 ac (12,915 SF)
Zoning code B-1
APN 49-42-22-09-1010
UPID US19-0647754

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3701 Andrews Ave Oakland Park, FL 33309-5261
Oakland Park metro Census 50701 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2004
3 recorded transactions
2004
$230,000
2002
Price N/A
1998
$135,000

Zoning & alternative use

B-1 · Oakland Park, FL
Zoning description

The B-1 Community Business District is intended primarily to meet the shopping and limited service needs of several neighborhoods. Retail stores are intended to include convenience, fashion and durable goods. The B-1 Dis…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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