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401-417 N State Road 7 8,000 SF 100% Leased Retail Building Margate, FL 33063 $4,013,504 CAD ($501.69 CAD/SF) 6.28% Cap Rate
Investment Highlights
- Small Bay Retail Investment Property
- Roof 2022
- Easy to Self Manage
- Required Building Recertification Inspection Completed August 2025
- Stable Long Term Tenancy
- Frontage to Major Road Close to Highways
Executive Summary
Small Bay Retail Building located in Margate, Florida on 441 / Atlantic Blvd
401-417 is an 8 unit freestanding retail building fronting a major thoroughfare between in NW Broward County.
The units are all around 1,000 sqft making them easy rentals with minimal downtime between tenants.
The property sit on a .53 acre corner lot and has been family owned and managed since 2002.
Stable long term tenancy with a solid mix of tenants including the Army National Guard, Big Daddy's Pizza, and Metro/TMobile, and the Margate Cobbler (a tenant for 30+ years).
Well managed property with minimal maintenance and carrying costs.
Required Building Recertification Inspection Completed August 2025
Roof was completely torn off (all layers down to tectum deck) and re-roofed 6/2022 with. 20-year manufacturer warranty
Parking lot resealed and striped 2/2021
Awnings replaced 8/2024
Landscaping and sprinklers upgraded 3/2025
Exterior pressure cleaning & painting done 1/2025
A great addition to any investment portfolio!
A great addition to any investment portfolio!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$341,651
|
$68.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$341,651
|
$68.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$89,493
|
$17.92
|
| Net Operating Income |
$252,158
|
$50.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $341,651 |
| Annual Per SF | $68.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $341,651 |
| Annual Per SF | $68.41 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $89,493 |
| Annual Per SF | $17.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $252,158 |
| Annual Per SF | $50.49 |
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Big Daddy's Pizza & Subs
- Retailer
- -
- -
- -
- Immigrant Service Center
- Services
- -
- -
- -
- Margate Cobbler Shop
- Services
- -
- -
- -
-
- Information
- -
- -
- -
Metro by T-Mobile began in 1994 as General Wireless, Inc., later became MetroPCS, and now operates as a T-Mobile US brand focused on prepaid wireless service. The company offers no-contract phone plans, device sales, and related mobile services through a consumer-facing brand built around prepaid pricing and network access. After a reverse merger with T-Mobile USA in 2013, Metro’s services were folded into T-Mobile’s network, and the brand was relaunched under the Metro by T-Mobile name in 2018. Recent company materials show a focus on value-oriented prepaid plans, unlimited 5G data, and device promotions for new customers.
-
- Information
- -
- -
- -
Metro by T-Mobile began in 1994 as General Wireless, Inc., later became MetroPCS, and now operates as a T-Mobile US brand focused on prepaid wireless service. The company offers no-contract phone plans, device sales, and related mobile services through a consumer-facing brand built around prepaid pricing and network access. After a reverse merger with T-Mobile USA in 2013, Metro’s services were folded into T-Mobile’s network, and the brand was relaunched under the Metro by T-Mobile name in 2018. Recent company materials show a focus on value-oriented prepaid plans, unlimited 5G data, and device promotions for new customers.
-
- Public Administration
- -
- -
- -
The National Guard is the primary combat reserve of the Army and Air Force, seamlessly providing enduring, rotational, surge and follow-on forces to the Joint Force to fight and win the nation’s wars and defend the homeland. Unique to the National Guard is their ability to apply the personnel, training and equipment for their wartime missions and their state responses in the homeland. When disaster strikes in the homeland, the National Guard stands ready to deploy and serve at a moment’s notice to protect life and property in their communities. The unique nature and capabilities of the National Guard make it critical to both U.S. national security and global stability.
- Universal Barbershop
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Big Daddy's Pizza & Subs | Retailer | - | - | - | ||
| Immigrant Service Center | Services | - | - | - | ||
| Margate Cobbler Shop | Services | - | - | - | ||
|
|
Information | - | - | - | ||
|
|
Information | - | - | - | ||
|
|
Public Administration | - | - | - | ||
| Universal Barbershop | Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD (2026) | |
| Land Assessment | $0 CAD (2026) | Total Assessment | $1,999,269 CAD (2026) |
Property Taxes
Presented by
401-417 N State Road 7
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