Property Details

Cumberland Farms

Ft. Lauderdale (Coral Springs), FL
Property ID: 10440

Financial Summary

Asking Price $5,000,000
Cap Rate 4.50%
Net Operating Income (NOI) $225,000
Lease Type Ground Lease, NNN
Lease Term Remaining 19+ Years
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714
Connor Barton
Investment Sales Associate
703.787.4714
Keelee Peterson
Director
404.492.9469

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Highlights

  • 20-year absolute NNN lease
  • Corporate guarantee, strong financials
  • 130,000 residents within 3 miles
  • Affluent demographics (Avg HH income exceeds $99,936 within 3 miles)
  • Highly visible to more than 41,000 cars/day on Wiles Road
  • Located at University Drive & Wiles Road intersection with Fresh Market, Lucky’s Market and Wal-Mart Neighborhood Market, Bed Bath & Beyond, and Ulta Cosmetics
  • Full cross access with Lucky’s Market/Hobby Lobby anchored Royal Eagle Plaza allowing all directional traffic movements
  • Watch the flyover video:

Location

8900 Wiles Rd
Ft. Lauderdale (Coral Springs), FL

Traci BidingerCumberland Farms