8053 W Oakland Park Blvd - Storefront FOR SALE


Sunrise, FL 33351
$13,300,000 USD
561-901-1402
8053 W Oakland Park Blvd, Sunrise, FL for Sale
$13,300,000 USD
Storefront - FOR SALE
1/20
null | 6.22% Cap Rate

8053 W Oakland Park Blvd
Sunrise, FL 33351


HIGHLIGHTS

  • Strong anchor tenants
  • Walgreens built in 2019
  • NNN Leases
  • Excellent property visibility
  • 3.5 acres of land

OVERVIEW

STL Commercial is pleased to present the opportunity to acquire The Spring Tree Center, a ± 33,826 SF Class A retail property located at 8053 W. Oakland Park Blvd in Sunrise, FL. The property sits on 3.5 acres of land strategically located in the heart of Sunrise. This high-quality shopping destination is anchored by national tenants including Walgreens and Wild Fork, providing long-term stability and strong consumer draw. The property is comprised of two buildings: one developed as a build-to-suit Walgreens and the other featuring a diverse mix of national and local tenants with flexible suite configurations. The property is currently 93% leased with all tenants operating under NNN lease structures, effectively passing through all expense obligations and resulting in minimal landlord responsibilities. This ensures stable and predictable cash flow while also presenting immediate upside potential through strategic lease restructuring and rent optimization initiatives aimed at enhancing overall net operating income. Ideally situated at the signalized intersection of Oakland Park Boulevard and University Drive, The Spring Tree Center benefits from exceptional visibility, heavy daily traffic, and convenient ingress/egress. The site offers ample surface parking and efficient circulation, creating an accessible and inviting environment for both tenants and customers.

FOR SALE DETAILS

PRICE

$13,300,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spring Tree Center – Class A Retail Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

B-2

APN/PARCEL ID

49-41-21-03-0141

ASK ABOUT THIS PROPERTY

Max LoriaSTL CommercialMore Info
561-901-1402

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Max LoriaSTL CommercialMore Info
561-901-1402

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