Overview
Apex Capital Realty is pleased to present McNab Square, a lease-up value-add retail opportunity along East McNab Road in Pompano Beach, Florida. The property features six individually metered retail bays, 18 on-site parking spaces, and flexible B-2 zoning within an established, high-traffic retail corridor. Three bays are currently leased, providing in-place income while leaving meaningful upside through the lease-up of the remaining 2,295 SF of vacant space.
Once stabilized, the property is projected to generate a Year 1 NOI of $148,462.56, representing an 11.42% cap rate at the new $1,299,999 asking price, or approximately $283/SF. McNab Square also offers an attractive owner-user opportunity, allowing a buyer to occupy one or more bays while existing tenant income helps offset carrying costs.
Property details
Full property details, offering memorandum and financials are available from the listing advisor. Information is deemed reliable but not guaranteed; subject to errors, omissions, prior sale or lease, or withdrawal without notice.
