6390 Oakland Park Blvd Sunrise, FL 33313-1216

Property Details for 6390 Oakland Park Blvd

Year built

2009

Construction

CONCRETE

Lot size

0.92 lot acres

Property size

7,150 SF

Zone code

B-3

Property type

Retail space

APN

49-41-26-06-0010

APU

494126060010

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,150 square foot Advance Auto Parts storefront located at 6390 W Oakland Park Blvd, Sunrise, FL 33313, in Broward County. The property sits on a 0.92-acre lot with 30 parking spaces and boasts a strong location at a signalized intersection with 79,800 vehicles per day. Built in 2009 and renovated in 2010, this net-leased property features a credit-rated tenant under a 20-year lease (commencing October 22, 2009, and expiring October 31, 2029), with 4.9 years remaining. The lease includes two 5-year options with $0.50/SF rent bumps at the beginning of each. The property generates a substantial NOI of $202,745, representing a 5.50% cap rate on the asking price of $3,686,000. This prime retail location benefits from its proximity to the Florida Turnpike (142,000 VPD), offering excellent accessibility. The property is part of a thriving trade area with dense residential developments and numerous retailers, including a high-performing Publix. Data indicates this Advance Auto Parts location ranks in the top 98% of all nationwide locations, and the overall shopping center ranks in the top 69% of all nationwide strip centers. The surrounding area boasts a strong demographic profile, with over 484,000 residents and 184,000 employees, and an average household income of $84,354. The property is conveniently located just 9 miles from Downtown Fort Lauderdale.

Location Insight

City

Sunrise

County

Broward

State

Florida

Longitude

-80.2349

Latitude

26.1642

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments