Victor M. Jaramillo, CEO/Broker of CBI Real Estate, this detailed analysis of College Plaza at 7841 Pines Blvd, Pembroke Pines, FL, will provide a comprehensive overview of its benefits for prospective retail tenants. College Plaza: A Strategic Retail Destination in Pembroke Pines College Plaza, a 92,000 SF retail center on 8.86 acres at 7841 Pines Blvd, Pembroke Pines, FL, presents an exceptionally compelling leasing opportunity. Its strategic location and inherent market advantages position it as an ideal destination for long-term growth and a diverse tenant mix. Key Strengths and Benefits of Leasing at College Plaza: Prime Pines Blvd Location & Unbeatable Visibility: Major Thoroughfare: Situated directly on Pines Blvd, a principal east-west arterial in Pembroke Pines, the plaza benefits from exceptional exposure. This is not just any street; it's a critical commercial artery. High Traffic Counts: The intersection of Pines Blvd and University Drive, where College Plaza is located, boasts an impressive daily traffic count exceeding 110,000 vehicles. This constant flow of potential customers passing by offers unparalleled visibility and a consistent stream of foot and vehicle traffic, crucial for retail success. Signalized Intersection: Being at a signalized intersection further enhances accessibility and visibility, allowing for easy ingress and egress for customers. Proximity to Broward College South Campus – A Captive Audience: Significant Student and Faculty Population: The plaza's namesake, Broward College South Campus, is located approximately 2 miles away and serves a substantial population of over 51,000 students and more than 3,300 full-time and part-time faculty and staff (totaling over 54,000 individuals). This represents a large, diverse, and consistent demographic with a wide range of needs for goods and services. Direct Demand for Specific Retail: The college's proximity directly translates to a high demand for various services and retail types, making College Plaza an ideal fit for: Educational Retail: Tutoring centers, language schools, specialized learning centers, or art/music studios can cater to academic needs and extracurricular interests of students. Fitness & Wellness: Yoga studios, dance studios, martial arts academies, or specialized fitness centers would attract students and faculty seeking healthy lifestyle options. Medical & Healthcare: Outpatient clinics, therapy centers, or specialized medical practices could serve the immediate health needs of the college community and surrounding residential areas. Entertainment & Recreation: Indoor play areas, entertainment centers, or event spaces would provide valuable leisure and social options. Convenience & Daily Needs: While not explicitly listed in the provided tenant mix, the sheer volume of college students and faculty would also drive demand for quick-service restaurants, coffee shops, and essential retail. Proven Retail Corridor & National Retailer Synergy: Established Retail Hub: Pines Blvd is a well-established and highly desirable retail corridor in South Florida. This maturity signifies a proven track record of retail success. Synergy with National Retailers: The presence of thriving national retailers nearby indicates a strong customer base and established shopping patterns. Tenants at College Plaza can benefit from the co-tenancy, drawing customers who are already visiting the area for these larger, well-known brands. This creates a "destination" effect, where multiple businesses collectively attract more shoppers. Strong Market Fundamentals: Pembroke Pines is noted as one of South Florida's most desirable retail markets, with a low regional vacancy rate (around 3%) and increasing average NNN asking rates (around $36.23/SF NNN as of Q4 2023 for the tri-county area). This healthy market indicates strong demand and limited supply, creating a favorable environment for new and existing businesses. Favorable Market Demographics and Economic Indicators: Robust Population Growth: While specific recent growth figures for Pembroke Pines weren't immediately available for July 2024, the city has experienced population growth, with a census population of 171,178 in 2020, up from 154,750 in 2010. The surrounding community boasts a substantial population of over 454,000 within a 5-mile radius, projected to grow steadily. Strong Household Income: The area around College Plaza boasts an affluent customer base, with an average household income of approximately $92,516 (3-mile radius) and a median household income of $81,675 (2019-2023). This indicates a consumer base with significant disposable income, capable of supporting a diverse range of retail offerings. High Retail Sales per Capita: With total retail sales of $4.79 billion in 2022 and retail sales per capita of $28,255 in Pembroke Pines, the market demonstrates a healthy spending environment. Immediate Upside with Below-Market Rents: Attractive Entry Point: The assertion that current lease rates are "significantly below market" presents a compelling financial advantage for new tenants. This offers a clear pathway to increased revenue potential as market rates continue to rise in a strong retail corridor. Competitive Advantage: Securing space at below-market rates provides a competitive edge, allowing businesses to allocate more resources to marketing, operations, or product development, ultimately contributing to long-term success. While current lease rates for College Plaza are listed at $22.50 - $25/SF/YR, the average retail lease rate in Pembroke Pines is around $45/SF, confirming the "below-market" claim and highlighting the significant upside. Unique Layout and Diverse Tenant Mix Potential: Flexibility for Various Concepts: The plaza's "unique layout" and available space (up to 53,651 SF available, divisible into smaller units like 15,000 SF and 12,000 SF) suggest adaptability for a wide array of retail formats. Complementary Tenant Mix: The proposed tenant categories, including Educational Retail, Fitness & Wellness, Medical & Healthcare, Entertainment & Recreation, Large Format Retail, and Specialty Retail, demonstrate a strategic vision to create a synergistic environment. This diverse mix encourages cross-pollination of customers and reduces reliance on a single retail sector, contributing to overall stability and attractiveness. Value-Add Opportunity: For an experienced retail investor, the property presents a clear value-add opportunity, with the potential to significantly increase NOI by leasing up the remaining vacant spaces at projected market rates. Comparison to Other Retail Shops in the Area: While specific competitor analysis would require a detailed study of individual retail centers, College Plaza's advantages become clear when comparing it to other retail shops in Pembroke Pines: Traffic & Visibility: While other plazas may be on Pines Blvd, College Plaza's specific location at the signalized intersection with Unive