Investment Overview

Marcus & Millichap is pleased to present for sale this Former Checkers site located at 8579 Pines Boulevard in Pembroke Pines, Florida. Pembroke Pines is a city in Broward County, and it ranked as the 11th largest city in Florida. A part of South Florida, Pembroke Pines is 23 miles north of Miami. As a business center, the city also experiences significant daytime population increases. Pembroke Pines is centered around synergistic retail culture with many malls and shopping centers including Pines City Center at Pembroke Pines. The property consists of a ±29,715 SF (0.68 acres) developed land parcel with a 1-story, ±1,388 SF restaurant with drive-thru with one point of ingress/egress on Pines Boulevard and NW 86th Ave. It is strategically located on Pines Boulevard and NW 86th Avenue with 60,500 vehicles per day and less than 3-Miles west of Florida Turnpike. The property is serving the surrounding suburbia with 8,016 households within a 1-Mile Radius. Vacancy in the Southwest Broward retail submarket is 1.5% and has decreased 0.4% over the past 12 months. During this period, 100,000 SF has been absorbed, and 33,000 SF has delivered. About 100,000 SF is under construction, representing a minor 0.6% expansion of inventory. Economic drivers include tourism, health care, biotechnology and commerce; major area employers include Nova Southeastern University, Spirit Airlines, AutoNation, Broward College, and Seminole Casino Hollywood. Pembroke Pines is an affluent community with an average household income exceeding $60,714 and a population of 20,230 within a 1-mile radius of the property. Many colleges and universities are a few minutes from this property including Broward College-South Campus two miles away with student enrollment of 40,412 and Nova Southeastern University four miles away with student enrollment 6,971. Shopping malls and shopping centers nearby include Pembroke Lakes Mall, Pembroke Place, Flamingo Pines Shopping Center, Pembroke Crossings, Boulevard Square, Cobblestone Plaza, Boulevard Square, Shoppes of Silver Lakes, Palm Square, Tanglewood Plaza, and Pines City Center. There are many national and regional retailers in the immediate area including Chipotle, Lowe's, Panda Express, Publix, LA Fitness, Big Lots, Ross, Taco Bell, CVS, Starbucks, Chick-fil-A, and many more.