770-855-8976
750-950 N University Dr, Coral Springs, FL for Sale
Storefront - FOR SALE
1/8
null | Request Cap Rate

750-950 N University Dr
Coral Springs, FL 33071
Coral Springs Mall


HIGHLIGHTS

  • Dense, infill South Florida submarket with $100k+ average household income
  • Investment grade & creditworthy tenant mix - Whole Foods, Home Depot, and LensCrafters account for 70% of EGI and 82% of GLA
  • Greater than 22-year weighted average tenure of tenants - Home Depot, Whole Foods, LensCrafters, and Pak Mail have been tenants since the 1990's
  • Recent Lease Extensions: Whole Foods extended for 15-years and committed to store remodel. LensCrafters & Pak Mail just renewed.
  • Generational asset on 18.65 acres that can be acquired for approximately half of replacement cost
  • Grocery anchored & convenience-oriented tenant mix - Tenants are internet/e-commerce resilient

OVERVIEW

Atlantic Crossing is a generational asset, anchored by investment grade tenants Whole Foods and Home Depot within the Miami-Fort Lauderdale MSA. Positioned on 18.65 acres of irreplaceable land at the intersection of University Drive (47.5k VPD) and Atlantic Boulevard (35.5k VPD), the Property sits opposite the Coral Square Shopping Mall with over 175,000 residents within a 3-mile radius and average household incomes exceeding $100k+ (1-mile radius). Atlantic Crossing offers investors the opportunity to acquire a generational asset with significant long-term upside at a fraction of replacement costs.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atlantic Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

729

LAND DETAILS

LAND ACRES

18.65 AC

LAND SF

812,394 SF

ZONING

B-3

APN/PARCEL ID

48-41-28-03-6180,48-41-28-03-6182

ASK ABOUT THIS PROPERTY

Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

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Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.