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Shopping Community

Aldi and CVS

645 N University Dr, Coral Springs, FL 33071

Listing Price: $11,300,000

Cap Rate
5.05%
Gross SF
32,757
Rentable SF
32,757
Price/Gross SF
$344.96
Lot Size
4.11 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2 tenant retail property located in a high income, high density suburb of South Florida. Occupied by Aldi and CVS, the property is well positioned on the hard corner of a major intersection with average daily traffic counts exceeding 75,000.

CVS has occupied the property on a corporately guaranteed ground lease since 2001. Aldi recently opened this location having signed a 15 year lease for their building which was completely renovated in 2023 including a new roof.

This sale offers an investor the opportunity to purchase an extremely well located property in the desirable South Florida market occupied by high credit tenants.

Investment Highlights

  • Two High Credit Tenant Investment in Desirable South Florida
  • New Fifteen Year Aldi Lease
  • Densely Populated Area with a Daytime Population of 19,655 People in a One Mile Radius and 367,447 People Living within 5 Miles of the Property

Exclusively Listed By

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Shopping Community

Aldi and CVS

Listing Price: $11,300,000

Cap Rate
5.05%
Gross SF
32,757
Rentable SF
32,757
Price/Gross SF
$344.96
Lot Size
4.11 acres
Year Built
1990

Investment Highlights

  • Two High Credit Tenant Investment in Desirable South Florida
  • New Fifteen Year Aldi Lease
  • Densely Populated Area with a Daytime Population of 19,655 People in a One Mile Radius and 367,447 People Living within 5 Miles of the Property

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2 tenant retail property located in a high income, high density suburb of South Florida. Occupied by Aldi and CVS, the property is well positioned on the hard corner of a major intersection with average daily traffic counts exceeding 75,000. CVS has occupied the property on a corporately guaranteed ground lease since 2001. Aldi recently opened this location having signed a 15 year lease for their building which was completely renovated in 2023 including a new roof. This sale offers an investor the opportunity to purchase an extremely well located property in the desirable South Florida market occupied by high credit tenants.

Exclusively Listed By

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

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