Shoppes at Rio Vista - Ft. Lauderdale, FL 901 Southeast 17th Street
Fort Lauderdale, FL 33316
For Sale
9,460 sqft
Sale Price
$11,865,700
Brochure
Video
Map
Retail For Sale
Brand New Trophy South Florida Retail Development
Rare opportunity to acquire a newly constructed and fully leased retail/medical development in the heart of Fort Lauderdale
Trophy location at the gateway to Fort Lauderdale Beach and World-Famous PIER 66
New state-of-the-art prototype buildings with heavy tenant investment
High traffic hard corner signalized intersection with efficient parcel layout providing excellent access, exposure and parking
All leases have fixed rental increases throughout the entire term of the lease
No debt to assume
Florida has NO STATE INCOME TAX
Brand new 20-year ground lease with Bank of America
Investment grade credit - S&P Rating: A-
Huge deposits of $511 million
Brand new 20-year ground lease with ABC Fine Wine & Spirits - family owned company founded in 1936 with 123 stores in Florida
Brand new 10-year leases with Starbucks, Aspen Dental and TBD
Available as a portfolio or individually
Get in touch
Mark Drazek
Ray Romano
CBRE’s Net Lease Property Group is pleased to present Shoppes at
Rio Vista, a rare opportunity to acquire a trophy multi-tenant new
construction retail/medical project at the Northeast corner of SE 17th
Street Causeway and Miami Road just down the street from the World-
Famous PIER 66 in the heart of Fort Lauderdale. This 2.59 acre site
had been completely occupied by Bank of America since 1974 and
this redevelopment includes a new state of the art 5,540 square foot
facility for Bank of America on a new 20-year ground lease (this branch
opened in March of 2021 and holds a massive deposit base of over
$511M), ABC Fine Wine & Spirits has signed a new 20-year lease for a
new 10,244 square foot facility (includes a 2,249 square foot second
floor storage area) which is currently under construction and there is
a 9,460 square foot three tenant building also under construction that
will accommodate Starbucks and Aspen Dental.
This project has excellent visibility along SE 17th Street Causeway
(42,500 AADT), multiple access points and monument signage. Bank
of America’s building has three drive thru lanes and Starbucks will also
have a dedicated drive thru lane. Exceptional on-site parking provided
with a total of 137 spaces (ratio of 5.95 spaces per 1,000 square feet).
Rio Vista, a rare opportunity to acquire a trophy multi-tenant new
construction retail/medical project at the Northeast corner of SE 17th
Street Causeway and Miami Road just down the street from the World-
Famous PIER 66 in the heart of Fort Lauderdale. This 2.59 acre site
had been completely occupied by Bank of America since 1974 and
this redevelopment includes a new state of the art 5,540 square foot
facility for Bank of America on a new 20-year ground lease (this branch
opened in March of 2021 and holds a massive deposit base of over
$511M), ABC Fine Wine & Spirits has signed a new 20-year lease for a
new 10,244 square foot facility (includes a 2,249 square foot second
floor storage area) which is currently under construction and there is
a 9,460 square foot three tenant building also under construction that
will accommodate Starbucks and Aspen Dental.
This project has excellent visibility along SE 17th Street Causeway
(42,500 AADT), multiple access points and monument signage. Bank
of America’s building has three drive thru lanes and Starbucks will also
have a dedicated drive thru lane. Exceptional on-site parking provided
with a total of 137 spaces (ratio of 5.95 spaces per 1,000 square feet).
Total Space Available
9,460 sqft
Sale Price
$11,865,700
Get in touch
Mark Drazek
Ray Romano