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5130 N Federal HwyFort Lauderdale, FL 33308
Shoppes at Coral Ridge
Asset ClassRetail
Deal Size$4.23 M
Cap Rate: 6.75%Access Data Room
Federal Highway - Retail Plaza
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Overview

Franklin Street is pleased to present Shoppes at Coral Ridge, a newly renovated, two-story retail strip center located at 5130 N Federal Highway in Fort Lauderdale, Florida. The property features 12 individually metered suites totaling 11,609 square feet and sits on a 0.34-acre B-1 zoned parcel with approximately 165 feet of frontage along Federal Highway (50,000+ VPD), just north of Commercial Boulevard (41,500 VPD) near Coral Ridge Country Club.

The building underwent a comprehensive renovation in Q4 2025, including a new façade, upgraded tenant signage, and refreshed exterior improvements. Each of the 12 suites measures approximately 967 SF and includes a private restroom, offering flexible configurations suitable for multiple uses or larger combined spaces. The property’s tenant mix features a variety of neighborhood-oriented users—including a convenience store, health studio, hair salon, and other service-based retailers—catering to the surrounding residential population.

Current market rental rates underscore the area’s strong fundamentals, with first-floor suites averaging $28 PSF and second-floor suites averaging $24 PSF, representing a compound annual rent growth rate (CAGR) of 5.65%.

Situated within a dense and affluent trade area boasting 280,000+ residents within five miles, a median household income near $100,000, and 3.9% annual population growth within two miles, Shoppes at Coral Ridge offers investors a rare opportunity to acquire a stabilized, small-bay retail asset with strong rent growth and long-term appreciation potential in one of Broward County’s most active retail corridors.

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Investment Highlights

Investment Highlights

  • Newly Renovated Property was recently renovated in Q4 of 2025
  • Excellent Tenant Mix Convenience Store, Health Studio, Hair Salon, and other neighborhood convenience services
  • Ideal Retail Suites The property is comprised of 12 units, each being 967 SF and including a restroom.
  • Market Rental Rates Year 1 Average 1st Floor - $28 PSF 2nd Floor - $24 PSF
  • High Growth Rents 3%-5% Annual Rent Escalations 5.65% CAGR

Location Highlights

  • Rare Federal Highway Retail Centerr +- 165 feet of frontage along Federal Hwy (50k+ VPD) near the signalized intersection of Commercial Blvd (41,500+ VPD)
  • Excellent Demographics Median Household Income just under $100k 280k+ Population within 5-miles 3.9% Annual Population Growth within 2 Mileswithin a 5-mile radius with $100K+ average household income
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5130 N Federal HwyFort Lauderdale, FL 33308
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Listing provided by Revere CRE