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Property profile & analytics
FOR SALE
Drive through restaurants

4700 N Federal Hwy Fort Lauderdale, FL 33308

1,350 SF 0.17 ac lot Built 1963
Trust Owned 21-yr Hold Free & Clear
Property ID
US18-5099335
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1,320 square foot office building situated at 4700 N Federal Highway in Fort Lauderdale, Florida, 33308. The property boasts approximately 75 feet of frontage on Federal Highway, benefiting from high visibility and traffic flow. Its B-1 zoning complements its location directly across from Holy Cross Hospital, surrounded by other office and professional buildings. A significant advantage is the long-term, triple-net (NNN) lease in place with a national franchisee, Jersey Mike's Subs. The lease has approximately 6.5 years remaining, with two five-year renewal options, providing substantial lease security. Importantly, this sale includes only the land and building; the business itself is not included. The building features one bathroom and ample parking with 13 spaces. The current rent is $3,277 per month, extending through April 2025, with a built-in 2% annual rent increase. The asking price for this property is $1,295,000. Seller financing may be considered with a minimum 40% down payment. This is a rare opportunity to acquire a stable, income-producing asset in a prime Fort Lauderdale location. Prospective buyers are welcome to view the interior; however, please refrain from disturbing the tenant.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1963
Construction CONCRETE
Total area 1,350 SF
Lot 0.17 ac (7,500 SF)
Zoning code B-1
APN 49-42-24-08-0730
UPID US18-5099335
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
Current use
Occupant on record · Public records
  • Jersey Mike's Subs Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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by Request
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by Request
Owner & transaction history
Caputo B A Trust Agreement · 21 yrs held
Caputo B A Trust Agreement
since 2004
2 recorded transactions
2004
Price N/A
1997
Price N/A
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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