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308 N Federal Hwy 6,800 SF 100% Leased Retail Building Hallandale Beach, FL 33009 For Sale 6.50% Cap Rate
Investment Highlights
- National medical cannabis tenant on long-term NNN lease
- Positioned between Aventura and Hollywood, serving one of South Florida's densest retail trade areas
- US-1 / Federal Highway — heavy daily traffic and great visibility on Hallandale's primary commercial corridor
- 13,781 SF lot on Federal Highway — one of Hallandale Beach's highest-traffic commercial corridors
- Built-in rent growth through option period escalations
Executive Summary
The second floor offers 1,800 SF leased at $3,000/month gross on a one-year lease.
The property sits on a 13,781 SF lot along one of Hallandale Beach's primary commercial corridors, with strong retail visibility and traffic on Federal Highway serving the Aventura, Hallandale, and Hollywood markets.
Ground floor tenant holds two 5-year renewal options with built-in 10% rent escalations, providing long-term income security and a clear path to continued appreciation.
A straightforward acquisition with immediate cash flow, a creditworthy national tenant on the ground floor, and a stabilized second floor generating gross rental income.
Property Facts
Amenities
- Roof Terrace
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 5,000 SF
- -
- Triple Net
- May 2029
RISE has been operating dispensaries since 2015. Since then, they’ve expanded. They kicked things off back then with their first medical dispensary, then named “The Clinic” in Mundelein, IL. Since then they have changed their name to RISE Dispensaries serve many communities across the country. As a first step commitment to those communities, RISE has always and will continue to donate first day proceeds to a local charity partner. Their team members live in and support their communities with local events and activities throughout the year. They stand with their communities by opening new doors and avenues to consumption for all and rallying to support their patients/customers to increase their rights and eliminate stigmas.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 5,000 SF | - | Triple Net | May 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-42-22-13-0010 | Improvements Assessment | $2,496,936 CAD |
| Land Assessment | $345,920 CAD | Total Assessment | $2,842,856 CAD |
Property Taxes
Presented by
Chaberman Advisory
308 N Federal Hwy
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