Shopping Neighborhood

Peters Road Plaza

4400 Peters Rd, Plantation, FL 33317

Listing Price: $900,000

Cap Rate
8.19%
Gross SF
6,897
Rentable SF
6,897
Price/Gross SF
$130.49
Lot Size
0.56 acres
Year Built
1960

Investment Overview

Marcus & Millichap, as the exclusive agent is pleased to present for sale, Peters Road Plaza (the "Property"), a 6,897 SF neighborhood retail center in Plantation, Florida. This 1960's vintage property was built with reinforced concrete walls and a recently replaced roof which remains under warranty for 8 years. The current owner has recently added new digital security cameras allowing real-time visual access at the property from a Smart Phone.

The property is 100% occupied by two long term tenants Pools N More and Las Panteras Night Club. The Property is in a critical location for each tenant who have both made significant investments into their space. Pools N More, has been in business for over 50 years in South Florida, and has been a tenant at this location for over 23 years with one other location in Coral Springs. Las Panteras Night Club has been a tenant for over 19 years and recently purchased a commercial liquor license for $160,00. Due to committed tenancy, that has been at the property for many years, the rental rates are roughly 25% below the current market, providing a new buyer an opportunity to increase The Property's cash flow.

Peters Rd Plaza is ideally located directly off of Interstate 595 and minutes from Interstate 95. Being just west of US 441 on Peters Road, a western extension of Davie Boulevard. The property benefits from excellent accessibility from major thorough-fares and the densely populated residential area surrounding the plaza. Pools N More benefits from the plaza's location by being a one stop shop for both pool service companies and individual pool owners. The night club tenant contains a grandfather clause allowing the bar to be open for 3 hours later than the competitors with operating hours are from 7 pm - 5 am.

Investment Highlights

  • Easy to mange two-tenant property with reimbursement for taxes and utilities
  • Stable tenant base: Each Tenant has been on site for over 19 years
  • Critical Location for Both Tenants with Significant Capital Investment
  • Night Club Able to Operate for Three Hours More Than the Surrounding Competition
  • Excellent Accessibility Located Near Interstate 95, Interstate 595 and US 441

Exclusively Listed By

Shopping Neighborhood

Peters Road Plaza

Listing Price: $900,000

Cap Rate
8.19%
Gross SF
6,897
Rentable SF
6,897
Price/Gross SF
$130.49
Lot Size
0.56 acres
Year Built
1960

Investment Highlights

  • Easy to mange two-tenant property with reimbursement for taxes and utilities
  • Stable tenant base: Each Tenant has been on site for over 19 years
  • Critical Location for Both Tenants with Significant Capital Investment
  • Night Club Able to Operate for Three Hours More Than the Surrounding Competition
  • Excellent Accessibility Located Near Interstate 95, Interstate 595 and US 441

Investment Overview

Marcus & Millichap, as the exclusive agent is pleased to present for sale, Peters Road Plaza (the "Property"), a 6,897 SF neighborhood retail center in Plantation, Florida. This 1960's vintage property was built with reinforced concrete walls and a recently replaced roof which remains under warranty for 8 years. The current owner has recently added new digital security cameras allowing real-time visual access at the property from a Smart Phone.

The property is 100% occupied by two long term tenants Pools N More and Las Panteras Night Club. The Property is in a critical location for each tenant who have both made significant investments into their space. Pools N More, has been in business for over 50 years in South Florida, and has been a tenant at this location for over 23 years with one other location in Coral Springs. Las Panteras Night Club has been a tenant for over 19 years and recently purchased a commercial liquor license for $160,00. Due to committed tenancy, that has been at the property for many years, the rental rates are roughly 25% below the current market, providing a new buyer an opportunity to increase The Property's cash flow.

Peters Rd Plaza is ideally located directly off of Interstate 595 and minutes from Interstate 95. Being just west of US 441 on Peters Road, a western extension of Davie Boulevard. The property benefits from excellent accessibility from major thorough-fares and the densely populated residential area surrounding the plaza. Pools N More benefits from the plaza's location by being a one stop shop for both pool service companies and individual pool owners. The night club tenant contains a grandfather clause allowing the bar to be open for 3 hours later than the competitors with operating hours are from 7 pm - 5 am.

Exclusively Listed By

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