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Promenade Shoppes Portfolio

Summary
  • Listing Price: $17,448,000
  • CAP Rate Current: 6.43%
  • Rentable Sq Ft: 45,550 SF
  • Lot Size: 244,575 SF (5.61 Acres)
  • Approx Year Built: 2018 & 2020
  • Price Per Sq Ft: $383.05
Investment Highlights
  • New Construction Shopping Center and 3-Tenant Outparcel
    Available Together or Separately
  • Shadow Anchored by a Corporately Owned Walmart Supercenter
  • 100% Combined Occupancy and located on 5.61 Acres of Land
  • Situated in the Heart of Broward County with Excellent Exposure, Signage, and Access Along West McNab Road – Traffic Counts Exceeding 47,000 Vehicles Per Day
  • Full Pass-Through Triple-Net (NNN) Leases
  • 75% of the Tenants in Promenade Shoppes have over 7.5 Years of Lease Term Left and Both Tenants in the Outparcel have over 10 Years of Lease Term Left
  • Located Minutes from the Florida Turnpike – a Major North/South Thoroughfare with Traffic Counts of over 123,000 Vehicles Per Day
  • Strong Demographics – 37.2% Population Growth in North Lauderdale over the last 20 Years
  • Surrounded By National and Regional Tenants Including Walmart, Home Depot, Ross Dress For Less, Target, Publix, Burlington, and Marshalls, amongst others