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Shopping Neighborhood

The Fountains

7041 W Commercial Blvd, Tamarac, FL 33319

Listing Price: $7,200,000

Cap Rate
7.50%
Gross SF
50,147
Rentable SF
50,147
Price/Gross SF
$143.58
Lot Size
4.90 acres
Year Built
1981

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale The Fountains (the “Property”), a 50,147-rentable-squarefoot retail center in densely populated Tamarac, Florida (Fort Lauderdale, MSA). The five-acre Property is comprised of six buildings that surround an array of shallow pools with fountains, waterfalls and tranquil gardens. The 100-percent occupied Property consists almost exclusively of service-oriented tenants, unaffected by e-commerce, from a variety of industries including medical, law, property management, staffing, grooming, event planning and catering. The Fountains is located just east of University Drive along Commercial Blvd, a major east-west thoroughfare in Broward County, offering superior connectivity to Florida’s Turnpike, Interstate 95 and the Sawgrass Expressway. The Property has 735 feet of frontage along Commercial Blvd, with a daily traffic count of over 55,000 vehicles per day directly in front of the Property, and nearly half of a million people live with a five-mile radius. The Property has substantial parking, with over five spaces per 1,000 rentable square feet, and provides five access points, three of which are along Commercial Blvd, providing ease of entry to both east and westbound traffic. The Fountains is surrounded by several national retailers including Publix, Starbucks, Staples, Ross Dress-For-Less, Applebee’s, CVS,TD Bank, Burger King, Firestone Complete Auto Care, Golden Corral, Pep Boys, Staples, Game Stop, Wells Fargo, and Checkers

Investment Highlights

  • Realize Immediate Upside by Marking Under-Market Tenants to Rents Already Being Achieved at the Property
  • Tremendous Connectivity and Accessibility in the Heart of Central Broward County
  • 735 Feet of Frontage Along Commercial Blvd with Traffic Counts of over 55,000 Vehicles per Day

Exclusively Listed By

Shopping Neighborhood

The Fountains

Listing Price: $7,200,000

Cap Rate
7.50%
Gross SF
50,147
Rentable SF
50,147
Price/Gross SF
$143.58
Lot Size
4.90 acres
Year Built
1981

Investment Highlights

  • Realize Immediate Upside by Marking Under-Market Tenants to Rents Already Being Achieved at the Property
  • Tremendous Connectivity and Accessibility in the Heart of Central Broward County
  • 735 Feet of Frontage Along Commercial Blvd with Traffic Counts of over 55,000 Vehicles per Day

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale The Fountains (the “Property”), a 50,147-rentable-squarefoot retail center in densely populated Tamarac, Florida (Fort Lauderdale, MSA). The five-acre Property is comprised of six buildings that surround an array of shallow pools with fountains, waterfalls and tranquil gardens. The 100-percent occupied Property consists almost exclusively of service-oriented tenants, unaffected by e-commerce, from a variety of industries including medical, law, property management, staffing, grooming, event planning and catering. The Fountains is located just east of University Drive along Commercial Blvd, a major east-west thoroughfare in Broward County, offering superior connectivity to Florida’s Turnpike, Interstate 95 and the Sawgrass Expressway. The Property has 735 feet of frontage along Commercial Blvd, with a daily traffic count of over 55,000 vehicles per day directly in front of the Property, and nearly half of a million people live with a five-mile radius. The Property has substantial parking, with over five spaces per 1,000 rentable square feet, and provides five access points, three of which are along Commercial Blvd, providing ease of entry to both east and westbound traffic. The Fountains is surrounded by several national retailers including Publix, Starbucks, Staples, Ross Dress-For-Less, Applebee’s, CVS,TD Bank, Burger King, Firestone Complete Auto Care, Golden Corral, Pep Boys, Staples, Game Stop, Wells Fargo, and Checkers

Exclusively Listed By

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