Investment Highlights
+/- 6,380 SF Retail Center in the Heart of Downtown Fort Lauderdale
Rare Free-Standing Retail Center in Downtown Fort Lauderdale directly adjacent to a Planned 300+ Unit Apartment Development.
Exceptional Local Market Fundamentals with High Rental Growth and Low Vacancy Rates
Strategically Located Across from Brightline Fort Lauderdale Station one of its Major Hubs
Located just off W Broward Boulevard with Traffic Counts of almost 50,000 VPD
Can be Positioned as a Value-Add Investment or Owner User Opportunity
Executive Summary
CBRE Inc. proudly presents ?Tropical Press? for sale, a premier free-standing retail property nestled in the vibrant heart of downtown Fort Lauderdale, directly across from the bustling Brightline Station. Spanning approximately 6,380 SF, this high street retail center offers two equally sized storefronts, with one currently leased to a market tenant, representing 50% of the gross leasable area, while the other awaits occupancy, presenting a prime opportunity for increased cash flow through leasing or owner occupation. Positioned as one of Fort Lauderdale?s most coveted retail destinations, Tropical Press enjoys a prime location within the city?s central business district, just a stone?s throw from W Broward Boulevard, boasting daily traffic counts nearing 50,000 vehicles. Its strategic proximity to the Brightline Fort Lauderdale station, a key transportation hub connecting Miami to Palm Beach and beyond, further enhances its appeal. Surrounded by a burgeoning landscape of high-rise office and apartment buildings, alongside major mixed-use developments, including a planned 300+ unit apartment complex adjacent to the property, Tropical Press stands as a beacon of opportunity amidst a landscape of growth and development. With rental rates soaring to nearly $50 per square foot on average and low single-digit vacancy rates, the property has demonstrated exceptional growth, with the local market exceeding 30% over the past 5 years. Its irreplaceable location positions it for continued appreciation, as the surrounding area maintains its rapid pace of development, attracting developers nationwide. Secure your stake in this thriving market with Tropical Press, where opportunity meets prime location for enduring value and growth.
