McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
McNab Square – 690 E McNab Road
Description
Apex Capital Realty is pleased to present McNab Square, a compelling 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 to
Vanilla Smoke Shop, New Level Coffee, and Orange Salon, providing in-place income while
leaving meaningful upside through the lease-up of the remaining 2,295 SF of vacant space.
The value-add opportunity is centered on leasing the existing vacancy at market rents,
allowing a new owner to materially increase occupancy and property cash flow. Once
stabilized, the vacant bays are projected to bring the property to a Year 1 NOI of $146,513.98,
representing a 9.16% cap rate at the $1,599,000 asking price, or approximately $349/SF.
NOI is projected to grow to $171,400.63 by Year 5, providing continued income growth as
the property reaches stabilization.
McNab Square also offers an attractive owner-user opportunity, allowing an investor
or business owner to occupy one or more bays while existing tenant income helps offset
carrying costs. This flexibility, combined with the property’s established location and
below-market entry point for small-bay retail along the corridor, provides multiple paths to
ownership and value creation.
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 to
Vanilla Smoke Shop, New Level Coffee, and Orange Salon, providing in-place income while
leaving meaningful upside through the lease-up of the remaining 2,295 SF of vacant space.
The value-add opportunity is centered on leasing the existing vacancy at market rents,
allowing a new owner to materially increase occupancy and property cash flow. Once
stabilized, the vacant bays are projected to bring the property to a Year 1 NOI of $146,513.98,
representing a 9.16% cap rate at the $1,599,000 asking price, or approximately $349/SF.
NOI is projected to grow to $171,400.63 by Year 5, providing continued income growth as
the property reaches stabilization.
McNab Square also offers an attractive owner-user opportunity, allowing an investor
or business owner to occupy one or more bays while existing tenant income helps offset
carrying costs. This flexibility, combined with the property’s established location and
below-market entry point for small-bay retail along the corridor, provides multiple paths to
ownership and value creation.
Property Highlights
4,586 SF Multi-Tenant Retail Property
Six Individually Metered Retail Bays
2,295 SF Available for Lease-Up or Owner Occupancy
Three Existing Tenants Providing In-Place Income
18 On-Site Parking Spaces
B-2 Community Business Zoning Near US-1
Details
Property Status:
For Sale
Property Type: Retail
Address
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APEX Capital Realty
561 NE 79 ST Suite 420 Miami, FL 33138
(305) 570-2600
info@apexcapitalrealty.com
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