7841-7899 Pines Blvd - Supermarket FOR SALE


Pembroke Pines, FL 33024- Boulevard Heights East
$25,000,000 USD
305-927-6377
7841-7899 Pines Blvd, Pembroke Pines, FL for Sale
$25,000,000 USD
Supermarket - FOR SALE
1/42
null | 3% Cap Rate

7841-7899 Pines Blvd
Pembroke Pines, FL 33024
Boulevard Heights East


HIGHLIGHTS

  • Excellent regional connectivity with access to major South Florida highways and airports, including Fort Lauderdale-Hollywood International Airport
  • Located in an affluent trade area with nearly 470,000 residents within five miles and strong average household incomes.
  • Prominent retail center situated at a signalized corner with combined traffic counts over 95,000 vehicles per day.

OVERVIEW

College Plaza represents an opportunity to acquire a highly visible multi-tenant retail center in the thriving city of Pembroke Pines, Florida. Situated at the heavily trafficked intersection of Pines Boulevard and North University Drive, the property benefits from combined daily traffic counts exceeding 95,000 vehicles, providing advertisers and retailers with remarkable visibility. The asset spans roughly 8.86 acres and includes ample surface parking of 450 spaces, ensuring convenience and accessibility for shoppers. Constructed in 1976 and substantially renovated in 2005, this center offers a mix of national and regional tenants including dining, personal services, and specialty retail concepts that serve a dense suburban trade area. Nearby demographics illustrate a compelling investment backdrop, with approximately 470,000 residents within a five-mile radius and average household incomes surpassing $94,000. Pembroke Pines continues to experience growth due to its proximity to Fort Lauderdale, Miami, and key transportation links such as I-75 and Florida’s Turnpike. This property delivers a significant value-add component, with current occupancy around 41–43%, creating upside potential through lease-up and repositioning strategies. With proforma NOI projections at nearly $1.9 million and cap rates in the mid-7% range, investors can leverage both steady in-place income from existing tenants and long-term growth opportunities through strategic leasing. The center’s location within Broward County’s robust retail corridor further ensures sustained demand and consistent foot traffic.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

3%

% 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

Victor JaramilloCBI Real EstateMore Info
305-927-6377

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Victor JaramilloCBI Real EstateMore Info
305-927-6377

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