State: Florida 33317
Strong solid in-place income with value-add potential; over 60% projected NOI growth over 10 years. Strong and synergistic tenant lineup consisting of national credit retailers and restaurants Desirable location along the “going home” side of Broward Boulevard which is directly connected to the Fort Lauderdale CBD. Dense and growing South Florida residential development – 148,902 residents within a three mile radius with average income of US 66.400.-
Winn-Dixie recently extended their lease for 10 years affirming their store performance and commitment to the Property.
Mid and long-term intrinsic value in below market anchor leases as well as future rent growth through contractual increases, leasing of vacancies, and ability to increase rents as dated leases rollover.