SOLD

100% Leased! Great opportunity to own in one of Broward’s best locations.Located off 441 in a prime section of Broward’s future development area. 11,940Sq ft Rentable Square Feet- with over 1/2 acre (26,136 sq ft) of retail land! All new leases are @ $15/p/s/f NNN- The center currently is 100% leased will a long history of full occupancy.Current rents in the center are between $11-17 NNN in a market commanding $18-20NNN. All leases have annual increases of CPI with a floor of 3% and a ceiling of 5%. Currently two leases have a few months till expiration, thereby allowing an immediate increase in the net operating income once renewed. In addition, all expenses are pass-through to the tenants.Projected Income @ $15p/s/f: $ 175,500 Cap Rate: 8.42% ROI 11.76%- Shoppes are located in the dynamic and highly sought after retail market of Davie, arguably one of the best location in Broward County if not the Tri-County area. Neighborhood surrounding Victory Shoppes is dominated by single family homes, other retail plazas, and commercial properties on 441. The property has excellent frontage on 16 street and the 441 corner, next to MacDonalds & Gunther VW.