4700 N Federal Hwy, Fort Lauderdale, Florida, United States

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Home For Sale

$1,295,000

4700 N Federal Hwy
Fort Lauderdale, Florida, United States

0 acres

Listed By: Homes & Land Magazine

Listed On: 09/25/2024

Listing ID: GL11953390 View More Details

Description

This property features approximately 75#039; of Federal Highway frontage with B-1 zoning directly across the street from Holy Cross Hospital and is surrounded by office and professional buildings. There is a long term, triple net lease in place with a national franchisee, Jersey Mike#039;s. There is approximately 6.5 years left with two five-year renewal options on the lease, the lease is not voidable. THIS SALE IS LAND AND BUILDING ONLY, the business is NOT for sale. Please do not disturb the tenant, feel free to go in and order a sandwich or a drink if you would like to view the interior. Building is appx. 1320 sf with one bathroom and 13 parking spaces. Seller may consider financing with at least 40% down. Current rent is $3277 through 4/2025, 2% annual bumps.