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Bank United 1815-1823 E Commercial Blvd 9,773 SF 100% Leased Retail Building Fort Lauderdale, FL 33308 $13,771,568 CAD ($1,409.14 CAD/SF) 5% Cap Rate
Investment Highlights
- High Visibility at a signalized intersection.
- Traffic Count 57,500
- Directly across from Holy Cross Hospital.
- Built in 2017
Executive Summary
Trophy 9,007 SF Retail Shopping Center Asset in high-demand Ft Lauderdale market.
- High Visibility at a signalized intersection.
- Directly across from Holy Cross Hospital. with 1600 employees with average salary of $84,000.
- Population within 1 mile 17,000, 3 miles 120,000
- Average income $75,000, Median age 48
- FDOT AADT Commercial Blvd. West of NE 18th Ave. 57,500
- 1000 new rental units are under construction or are in planning. in Coral Ridge. The area population growth is expanding rapidly.
- Bank United anchored shopping center. Bank United, Inc., with total consolidated assets of $34.8 billion at March 31, 2025, is a bank holding company with one wholly owned subsidiary, Bank United, collectively, the Company. Bank United, a national banking association headquartered in Miami Lakes, Florida.
- Select Medical: is a national physical therapy company that specializes in providing services for critical illness recovery, inpatient rehabilitation, outpatient rehabilitation, and occupational health.
- Dynamic Chiropractic has 25 year history in the Neighborhood.
- El Balcon de las Américas is an authentic Latin American restaurant, specializing in Colombian cuisine. It's known for its traditional dishes, fresh ingredients, and family-friendly atmosphere. They currently have several location all in South FL.
- Triple Net Lease (NNN) structure – zero landlord responsibility.
- Long-term, stable tenants with proven operational history.
- Strategically positioned retail with healthcare and residential synergy.
- The asset is 100% leased, offering a new owner a reliable, stable income stream.
- With rent escalations beginning in 2026 and 2027, driving value growth.
- Features a resilient, service-based tenant mix:
- Financial (BankUnited)
- Medical (Select Medical, Dynamic Chiropractic)
- Wellness (Select Medical, Dynamic Chiropractic)
- Food & Beverage (El Balcón de las Américas)
- Bank United endcap includes a drive-thru, increasing real estate value and future leasing flexibility.
High Traffic Corridor
- Prime signalized hard-corner location at Commercial Blvd (56,000 VPD) and NE 18th Ave (14,000 VPD) — total daily exposure to 70,000+ vehicles
- Located on Commercial Blvd (SR 870) — a key east-west corridor connecting to I-95 in 9 minutes
- Proximity to the Commercial Blvd & US-1 (Federal Hwy) intersection with over 100,000 VPD
- Excellent visibility and access make this site ideal for long-term retail success
- High Visibility at a signalized intersection.
- Directly across from Holy Cross Hospital. with 1600 employees with average salary of $84,000.
- Population within 1 mile 17,000, 3 miles 120,000
- Average income $75,000, Median age 48
- FDOT AADT Commercial Blvd. West of NE 18th Ave. 57,500
- 1000 new rental units are under construction or are in planning. in Coral Ridge. The area population growth is expanding rapidly.
- Bank United anchored shopping center. Bank United, Inc., with total consolidated assets of $34.8 billion at March 31, 2025, is a bank holding company with one wholly owned subsidiary, Bank United, collectively, the Company. Bank United, a national banking association headquartered in Miami Lakes, Florida.
- Select Medical: is a national physical therapy company that specializes in providing services for critical illness recovery, inpatient rehabilitation, outpatient rehabilitation, and occupational health.
- Dynamic Chiropractic has 25 year history in the Neighborhood.
- El Balcon de las Américas is an authentic Latin American restaurant, specializing in Colombian cuisine. It's known for its traditional dishes, fresh ingredients, and family-friendly atmosphere. They currently have several location all in South FL.
- Triple Net Lease (NNN) structure – zero landlord responsibility.
- Long-term, stable tenants with proven operational history.
- Strategically positioned retail with healthcare and residential synergy.
- The asset is 100% leased, offering a new owner a reliable, stable income stream.
- With rent escalations beginning in 2026 and 2027, driving value growth.
- Features a resilient, service-based tenant mix:
- Financial (BankUnited)
- Medical (Select Medical, Dynamic Chiropractic)
- Wellness (Select Medical, Dynamic Chiropractic)
- Food & Beverage (El Balcón de las Américas)
- Bank United endcap includes a drive-thru, increasing real estate value and future leasing flexibility.
High Traffic Corridor
- Prime signalized hard-corner location at Commercial Blvd (56,000 VPD) and NE 18th Ave (14,000 VPD) — total daily exposure to 70,000+ vehicles
- Located on Commercial Blvd (SR 870) — a key east-west corridor connecting to I-95 in 9 minutes
- Proximity to the Commercial Blvd & US-1 (Federal Hwy) intersection with over 100,000 VPD
- Excellent visibility and access make this site ideal for long-term retail success
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,773 SF
Building Class
B
Year Built
2017
Price
$13,771,568 CAD
Price Per SF
$1,409.14 CAD
Cap Rate
5%
NOI
$688,838 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.13 AC
Zoning
CB - Retail
Parking
57 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
BankUnited began in 1984 and has grown into a national banking business serving consumers, small businesses, middle-market companies, large corporations, and institutions. BankUnited offers personal banking, commercial banking, and small business services, along with deposit products and digital banking tools for everyday account access. The company's commercial lineup includes lending, treasury management, commercial real estate financing, equipment financing, and related deposit services. BankUnited also supports specialty banking needs through tailored solutions built for business clients across its operating footprint.
- Dynamic Chiropractic
- Health Care and Social Assistance
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
- El Balcon De Las America
- Accommodation and Food Services
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
- Select Medical
- Health Care and Social Assistance
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Dynamic Chiropractic | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| El Balcon De Las America | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Select Medical | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,589,186 CAD | |
| Land Assessment | $3,226,602 CAD | Total Assessment | $9,815,788 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,226,602 CAD
Improvements Assessment
$6,589,186 CAD
Total Assessment
$9,815,788 CAD
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Bank United | 1815-1823 E Commercial Blvd
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