Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Plaza at Royal Palm located in Coral Springs, FL, a prime south Florida location situated between three major markets. This location includes 123,063 square feet of mixed-use, multi-tenant space, 100 percent occupied. Tenants include a mix of retail shops, a bank, restaurants, grocery store, a school, and some medical. The subject property is located on Royal Palm Blvd with a traffic count more than 27,500 vehicles daily, and between University Drive with more than 42,500 vehicles daily and Coral Springs Drive with more than 25,000 vehicles daily. Property is also just three miles from the entrance/exit ramps of the Sawgrass Expressway with 73,300 vehicles. The surrounding area has extremely strong demographics with a population of 148,301 within three miles of the subject property, and 317,689 within five miles, and an average household income within one mile of $101,832 which is projected to reach $116,489 by 2027. This shopping center is located less than two miles from Coral Square Mall, home to 120 stores and anchored by Macy’s, JCPenney and Kohl’s. Other surrounding national retailers include The Home Depot, Sam’s Club, Publix Supermarket, Walmart Neighborhood Market, Aldi, Whole Foods Market, Best Buy, Planet Fitness, LA Fitness, Crunch Fitness, Marshalls, Old Navy, Michael’s, T.J. Maxx, Pet Supermarket, Verizon, Big Lots, Party City, Dick’s Sporting Goods, Pep Boys, Chili’s Grill & Bar, Carrabba’s Italian Grill, Miller’s Ale House, Outback Steakhouse, Benihana, BJ’s Restaurant & Brewhouse, Bonefish Grill, McDonald’s, Taco Bell, Chipotle, Wendy’s, Panera Bread, Dunkin’, CVS, Walgreens, Honda, Nissan, Buick, GMC and many more.