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
690 E McNab Road
Property Status:
For Sale
Description
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 a 10.6% cap rate at the new $1,399,000 asking price, or approximately $305/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 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