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.