954-820-7455
7841-7899 Pines Blvd, Pembroke Pines, FL for Sale
Supermarket - FOR SALE
1/25
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7841-7899 Pines Blvd
Pembroke Pines, FL 33024
Boulevard Heights East


HIGHLIGHTS

  • Prime Location High-Visibility corner at Pines Blvd & N University Dr - 95,000+ VPD combined traffic
  • Significant Upside- Current occupancy at 43% allows for substantial NOI growth through lease-up. Many tenants are on short term leases.
  • Strong Demographics 469,525 residents within 5 miles; average household income over $94,000
  • Large Land Site 8.86 acres 450 parking spaces and strong parking ratio of 4.88/1,000 SF
  • Diverse Tenant Mix Restaurants, personal services, medical, and retail uses for stability and draw.
  • Established Retail Corridor Publix Visits - 1.3M / Year & $72M in Sales Broward Meat & Fish of Pembrooke Pines Visits - 1.1M / Year

OVERVIEW

College Plaza is a 98,253 SF multi-tenant retail center at the high-traffic intersection of Pines Boulevard and North University Drive in Pembroke Pines, FL, with daily traffic counts over 95,000. The property spans 8.86 acres and offers 450 parking spaces (4.9/1,000 SF ratio). Currently 43% occupied, the center offers significant value-add potential through lease-up and repositioning including two vacant big-box spaces totaling 50,984 SF. Many of the existing tenants are on short-term leases at below-market rents, providing immediate upside as rents are brought to market rates. The mix includes dining, retail, medical, and service users, along with a few long-standing tenants that provide stability. With nearly 470,000 residents within five miles and average household incomes above $94,000, College Plaza combines prime visibility, strong demographics, and immediate upside in one of South Florida’s most desirable suburban markets.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

8.86 AC

LAND SF

385,942 SF

ZONING

B-3

APN/PARCEL ID

51-41-15-05-0030

ASK ABOUT THIS PROPERTY

Dylan MorseFranklin StreetMore Info
954-820-7455

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Dylan MorseFranklin StreetMore Info
954-820-7455

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