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Shopping Strip

Pines Blvd Drive Thru & Strip Center w/ All MTM Tenants

7781 - 7803 Pines Blvd, Pembroke Pines, FL 33024

Listing Price: $4,500,000

Cap Rate
3.04%
Gross SF
6,072
Rentable SF
6,072
Price/Gross SF
$741.11
Lot Size
1.04 acres
Year Built
1978

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to market for sale 7781-7803 Pines Boulevard Pembroke Pines, FL 33024. The property is comprised of a Freestanding Quick Service Restaurant with a Drive-Thru with an adjacent a 4,002 square foot Retail Strip with Three Storefronts situated on a 45,415 square foot Lot.

This is a rare opportunity to find in South Florida where an investor can acquire an existing QSR Drive-Thru & Strip Center and immediately reposition all the leases due to the Landlord Cancellation Clause upon the sale of the property. Located on Pines Blvd and S University Drive Intersection, both known to be exceptional retail corridor’s, demand from retailers continues to be at all-time highs due to the limited inventory in the immediate area.

The properties were built in 1980 and 1989. The property benefits from over 55,500 Vehicles Per Day along Pines Boulevard with a dedicated Left Turn in. Many of the tenants have operated at the property for more than 10 years showing a commitment to the location.

Investment Highlights

  • Prime Opportunity For Immediate Repositioning: Drive-thru Restaurant & Strip Center With Landlord Termination Clause
  • Dense Infill Location With Over 16,548 People Within A One-Mile Radius
  • 235 Ft Of Frontage On Pines Boulevard With Traffic Counts Exceeding 55,500 VPD with Dedicated Left Turn In
  • Development Opportunity On 1 Acre Of Land Zoned B-3 Commercial
  • Major Retailers Include Lowes, Publix, Walmart, And Many More
  • Six Shopping Centers Over 100,000 SF. Within ½ Mile Of Subject Property

Exclusively Listed By

Financing By

Shopping Strip

Pines Blvd Drive Thru & Strip Center w/ All MTM Tenants

Listing Price: $4,500,000

Cap Rate
3.04%
Gross SF
6,072
Rentable SF
6,072
Price/Gross SF
$741.11
Lot Size
1.04 acres
Year Built
1978

Investment Highlights

  • Prime Opportunity For Immediate Repositioning: Drive-thru Restaurant & Strip Center With Landlord Termination Clause
  • Dense Infill Location With Over 16,548 People Within A One-Mile Radius
  • 235 Ft Of Frontage On Pines Boulevard With Traffic Counts Exceeding 55,500 VPD with Dedicated Left Turn In
  • Development Opportunity On 1 Acre Of Land Zoned B-3 Commercial
  • Major Retailers Include Lowes, Publix, Walmart, And Many More
  • Six Shopping Centers Over 100,000 SF. Within ½ Mile Of Subject Property

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to market for sale 7781-7803 Pines Boulevard Pembroke Pines, FL 33024. The property is comprised of a Freestanding Quick Service Restaurant with a Drive-Thru with an adjacent a 4,002 square foot Retail Strip with Three Storefronts situated on a 45,415 square foot Lot. This is a rare opportunity to find in South Florida where an investor can acquire an existing QSR Drive-Thru & Strip Center and immediately reposition all the leases due to the Landlord Cancellation Clause upon the sale of the property. Located on Pines Blvd and S University Drive Intersection, both known to be exceptional retail corridor’s, demand from retailers continues to be at all-time highs due to the limited inventory in the immediate area. The properties were built in 1980 and 1989. The property benefits from over 55,500 Vehicles Per Day along Pines Boulevard with a dedicated Left Turn in. Many of the tenants have operated at the property for more than 10 years showing a commitment to the location.

Exclusively Listed By

Financing By

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