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2980 N Federal Hwy 7,650 SF 100% Leased Retail Building Fort Lauderdale, FL 33306 $7,537,970 CAD ($985.36 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Newer construction
- Turnkey restaurant operation
- Lots of surface parking
Executive Summary
Position your restaurant for long-term success at 2980 N Federal Highway, a highly visible commercial property located on one of Fort Lauderdale’s most heavily trafficked north–south corridors. This offering is ideally suited for an owner-operator seeking to control their real estate, eliminate escalating rent, and build equity in a prime location.
The property offers exceptional street exposure and signage visibility along N Federal Highway, with strong daily traffic counts and immediate access to surrounding residential neighborhoods, office users, and retail destinations. The layout and zoning support restaurant and food-service uses, making it well-suited for a full-service restaurant, fast-casual concept, café, or a specialty food operator. Plenty of dry-uses would work here as well, but would require the deletion of valuable restaurant infrastructure.
The property offers exceptional street exposure and signage visibility along N Federal Highway, with strong daily traffic counts and immediate access to surrounding residential neighborhoods, office users, and retail destinations. The layout and zoning support restaurant and food-service uses, making it well-suited for a full-service restaurant, fast-casual concept, café, or a specialty food operator. Plenty of dry-uses would work here as well, but would require the deletion of valuable restaurant infrastructure.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
7,650 SF
Building Class
B
Year Built
2019
Price
$7,537,970 CAD
Price Per SF
$985.36 CAD
Cap Rate
6.25%
NOI
$471,123 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.06 AC
Zoning
B-1 - B-1 allows a variety of commercial uses
Parking
68 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Casa Monarca Mexican Restaurant & Tequila Bar
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Casa Monarca Mexican Restaurant & Tequila Bar | Accommodation and Food Services | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-42-25-34-0010 | Improvements Assessment | $2,052,427 CAD |
| Land Assessment | $1,371,404 CAD | Total Assessment | $3,423,830 CAD |
Property Taxes
Parcel Number
49-42-25-34-0010
Land Assessment
$1,371,404 CAD
Improvements Assessment
$2,052,427 CAD
Total Assessment
$3,423,830 CAD
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2980 N Federal Hwy
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