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Rebecca Sexton

rebecca.sexton@engelvoelkers.com +1(772) 971-1357

$ 13,000,000

Est. payment -/mo

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1002 E Hallandale Beach BLVD #2101 Hallandale Beach, FL 33009

10,125 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,125 sqft

Price per Sqft $1,283

MLS Listing ID A12040396

Construction Status New Construction

HOA Y/N No

Year Built 2024

Annual Tax Amount $38,189

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Retail

Property Description

Premier 6% Cap NNN Sale-Leaseback | 30-Yr Lease Value | Opportunity Zone. Unparalleled passive income and massive institutional tax-shelter opportunity in South Florida's premier retail corridor! Acquire a pristine trophy commercial retail asset, delivering an immediate, rock-solid 6.00% Cap Rate. This hands-off investment features an absolute Triple Net (NNN) Sale-Leaseback with a 30-year total lease structure. The Tenant covers 100% of rent, insurance, taxes, and maintenance * Elite Tenant: Occupied by KC Market, a highly successful and established premier kosher supermarket operator. Consistently and profitably operating 3 flagship locations across Hollywood, Hallandale, and Boynton Beach. Nestled within the ultra-luxury Oasis Hallandale development, the property benefits from immense neighborhood synergy with Shell Bay Golf Club, Gulfstream Park Racing, and the Diplomat Mall driving relentless local and hospitality traffic * Unmatched Wealth-Preservation & Tax Benefits: Ideal for Qualified Opportunity Funds (QOF) looking to utilize a 10-year hold to hedge against the standard ~24% capital gains tax. 1031 Exchange Friendly: A perfect, premium replacement property for investors needing to deploy capital from a recent sale. Cost Segregation: prime candidate for an accelerated depreciation study, allowing the buyer to harvest massive passive losses to offset active gains. Secure a generational, inflation-resistant asset with an elite, long-term tenant already in place.

Location

State FL

County Broward

Community Shopping

Area 3040

Zoning CCB

Interior

Interior Features InteriorFeatures

Heating Electric

Cooling Central Air

Fireplace No

Exterior

Community Features Shopping

Water Access Desc Public

Building

Dwelling Type Retail

Story 1

Sewer Public Sewer

Water Public

New Construction Yes

Construction Status New Construction

Others

Tax ID 514227FA0110

Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, Lease Back

Listing Terms Cash, Conventional, 1031 Exchange, Lease Back

Special Listing Condition Corporate Listing

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12040396

Listed by Federico Rotundo Rotundo Bros Miami Real Estate

Rebecca Sexton

Advisor

+1(772) 971-1357

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