3701 Andrews Ave, Oakland Park, FL 33309-5261
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Oakland Park, FLOakland Park. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.