Dollar General | Rare 15-Yr Corp. Renewal | Prime S. FL Location at Signaled-Intersection

4790 W Hallandale Beach Blvd West Hallandale Beach Boulevard Pembroke Park, FL 33023

4790 W Hallandale Beach Blvd West Hallandale Beach Boulevard , Pembroke Park, FL, 33023
Subject
4790 W Hallandale Beach Blvd West Hallandale Beach Boulevard , Pembroke Park, FL, 33023 4790 W Hallandale Beach Blvd West Hallandale Beach Boulevard , Pembroke Park, FL, 33023
FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$2,951,680
Cap Rate:
5.00%
Last Verified:
Feb 27, 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 a high-traffic area ideal for commercial ventures.
  • 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.
  • 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.
  • Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area. 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 West Hallandale Beach Boulevard , Pembroke Park, FL, 33023

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    What are Real Estate Incentives?

    Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

    Why are Real Estate Incentives Important and to Whom?

    "Incentives" are vital today and in the future because:

    • U.S. Public: Many incentives focus on job creation and Affordable Housing
    • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
    • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
    • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.