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    OFF-MARKET
    Turn key restaurants

    3701 Andrews Ave, Oakland Park, FL 33309-5261

    1,209 SF 0.3 ac lot Built 1966
    Entity Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US19-0647754
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Crazy Fish Florida LLC · 22 yrs held
    Crazy Fish Florida LLC
    since 2004
    3 recorded transactions
    2004
    $230,000
    2002
    1998
    $135,000
    Zoning & alternative use
    B-1 · Oakland Park, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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