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Shopping Strip

Hillsboro Crossing - 15 Year Chipotle & Panda Express

3311 W Hillsboro Blvd, Deerfield Beach, FL 33442

Listing Price: $8,690,240

Cap Rate
5.00%
Gross SF
7,484
Rentable SF
7,484
Price/Gross SF
$1,161.18
Lot Size
1.20 acres
Year Built
2023

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire a brand-new retail property located at 3311 W Hillsboro Blvd, Deerfield Beach, FL. This prime investment features a diverse and high-profile tenant lineup, including Chipotle, Panda Express, Jersey Mike's Subs, and a dental office, offering a strong and stable cash flow for potential investors.

Situated on a prominent corner of West Hillsboro Boulevard, the property boasts excellent visibility and benefits from high traffic counts in the thriving Deerfield Beach market. This newly constructed, state-of-the-art retail center is a total of 7,484 rentable square feet and is situated on an oversized 1.2-acre parcel of land. Each tenant is secured under long-term landlord friendly leases, with escalations, and brings a reliable income stream to the property with strong residual value. The retail center benefits from its strategic positioning, with proximity to residential neighborhoods, schools, recreational facilities, and is right in the middle of the neighborhood’s concentrated retail corridor.

Deerfield Beach, part of the Miami metropolitan area, is known for its attractive beaches, lively atmosphere, and strong economic growth. The city's thriving retail and commercial sectors have attracted businesses and investors alike, making it an ideal location for capital appreciation. The influx of both residents and tourists in the area, driven by the city's well-developed amenities and vibrant community, guarantees a high level of footfall and patronage to the retail center.

This investment presents a unique opportunity for investors to own a high-quality asset in one of Florida's rapidly growing markets with a newly constructed facility that includes a Drive-Thru, 15-Year Primary Lease Terms on its anchor tenants, and favorable location in the heart of Deerfield Beach.

Investment Highlights

  • Best In Class Retail Center – Located In Booming Deerfield Beach Market
  • Strong Visibility On Hillsboro Boulevard – With 40,000+ VPD
  • Brand New Construction – Just Completed / Tenants In Possession
  • Long Term NNN Leases - 15 Year Base Terms On Anchors With 10% Increases Every 5 Years
  • Four Tenant Asset With Drive-Thru And Highly Sought After QSR Tenants
  • Primary Retail Corridor Location - Concentration Of Essential Tenants
  • Oversized 1.2 Acre Parcel With Ample Parking and Two Access Points
  • Affluent Surrounding Neighborhood – Average Household Income Of $93,600 Within 5 Mile Radius

Exclusively Listed By

Financing By

Shopping Strip

Hillsboro Crossing - 15 Year Chipotle & Panda Express

Listing Price: $8,690,240

Cap Rate
5.00%
Gross SF
7,484
Rentable SF
7,484
Price/Gross SF
$1,161.18
Lot Size
1.20 acres
Year Built
2023

Investment Highlights

  • Best In Class Retail Center – Located In Booming Deerfield Beach Market
  • Strong Visibility On Hillsboro Boulevard – With 40,000+ VPD
  • Brand New Construction – Just Completed / Tenants In Possession
  • Long Term NNN Leases - 15 Year Base Terms On Anchors With 10% Increases Every 5 Years
  • Four Tenant Asset With Drive-Thru And Highly Sought After QSR Tenants
  • Primary Retail Corridor Location - Concentration Of Essential Tenants
  • Oversized 1.2 Acre Parcel With Ample Parking and Two Access Points
  • Affluent Surrounding Neighborhood – Average Household Income Of $93,600 Within 5 Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire a brand-new retail property located at 3311 W Hillsboro Blvd, Deerfield Beach, FL. This prime investment features a diverse and high-profile tenant lineup, including Chipotle, Panda Express, Jersey Mike's Subs, and a dental office, offering a strong and stable cash flow for potential investors. Situated on a prominent corner of West Hillsboro Boulevard, the property boasts excellent visibility and benefits from high traffic counts in the thriving Deerfield Beach market. This newly constructed, state-of-the-art retail center is a total of 7,484 rentable square feet and is situated on an oversized 1.2-acre parcel of land. Each tenant is secured under long-term landlord friendly leases, with escalations, and brings a reliable income stream to the property with strong residual value. The retail center benefits from its strategic positioning, with proximity to residential neighborhoods, schools, recreational facilities, and is right in the middle of the neighborhood’s concentrated retail corridor. Deerfield Beach, part of the Miami metropolitan area, is known for its attractive beaches, lively atmosphere, and strong economic growth. The city's thriving retail and commercial sectors have attracted businesses and investors alike, making it an ideal location for capital appreciation. The influx of both residents and tourists in the area, driven by the city's well-developed amenities and vibrant community, guarantees a high level of footfall and patronage to the retail center. This investment presents a unique opportunity for investors to own a high-quality asset in one of Florida's rapidly growing markets with a newly constructed facility that includes a Drive-Thru, 15-Year Primary Lease Terms on its anchor tenants, and favorable location in the heart of Deerfield Beach.

Exclusively Listed By

Financing By

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