Dollar General - S FLA | BTS Design on 1.57±AC | Rare 15-Yr Lease Renewal | Hard Signalized Corner

4790 W Hallandale Beach BLVD Pembroke Park, FL 33023

4790 W Hallandale Beach BLVD, Pembroke Park, FL, 33023
Subject
4790 W Hallandale Beach BLVD, Pembroke Park, FL, 33023 4790 W Hallandale Beach BLVD, Pembroke Park, FL, 33023
FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$2,951,680
Cap Rate:
5.00%
Last Verified:
Mar 26, 2024
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Description

Build-to-Suit Construction on Oversized 1.57±AC Parcel situated on Hard Signalized Corner with Exposure to Over 44K VPD | Recent Rare 15-Year Renewal, Corporate-Backed 15-Year Lease with Six (6), 5-Year Extension Options. Lease Features ten (10) percent Rental Increases at Commencement of each Renewal Option Period | Investment Grade Tenant, Rated 'BBB' by S&P / Baa2 by Moody's [NYSE: DG]. Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area.

Highlights

  • Direct Frontage to Hallandale Beach Boulevard, the dominant retail corridor providing Property with high visibility and easy accessibility. The BLVD is a bustling corridor that connects various parts of Broward County and leads directly to the beaches, making it an ideal high-traffic area.
  • Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area.
  • The property benefits from excellent transportation links. It's easily accessible by car, with major highways like I-95 and US-1 nearby, facilitating easy travel to and from Miami, Fort Lauderdale, and other significant South Florida cities. Public transportation options, including bus routes along Hallandale Beach Boulevard, enhance connectivity.
  • Dollar General is Nation's Largest Small-Box Retailer and recently reported Q3 2023 Net-Sales increased 2.4% to $9.7B in Company's Third Quarter Earnings Report (Ending on Nov. 3, 2023) compared to $9.5B in Q3 of 2022.
  • Broward County is the 2nd most populous County in Florida and the location also benefits from its close proximity to the 1st most populous County in FL, Miami-Dade County.

  • Additional URLs

    Map of 4790 W Hallandale Beach BLVD, Pembroke Park, FL, 33023

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