PROMENADE SHOPPES PORTFOLIO IN NORTH LAUDERDALE ON THE MARKET FOR $17.45 MILLION

TREIS Named Exclusive Sales Agent for New Shopping Center and Outparcel

 

MIAMI (February 19, 2021)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has been named the exclusive sales agent for Promenade Shoppes, a new 45,550 square-foot shopping center and three-tenant outparcel at 7730 and 7910 West McNab Rd. in North Lauderdale, FL. Adam J. Tiktin of TREIS represents the seller and has listed the portfolio for $17.448 million. The property is available for sale together or separately.

Built in 2018, the shopping center is fully occupied with 17 tenants, of which 75 percent have over 7.5 years remaining on their leases. The 5,900 square-foot outparcel was built in 2020 and houses three tenants that each have 10 or 15 years remaining on their terms.

The Promenade Shoppes portfolio is situated on 5.61 acres and shadowed by a Walmart Supercenter. The property can be accessed along West McNab Road with average daily traffic counts exceeding 47,000 vehicles per day. In addition, the property is minutes from the Florida Turnpike, with an additional 123,000 vehicles passing by each day.

For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.

About Tiktin Real Estate Investment Services

Tiktin Real Estate Investment Services (TREIS) is a South Florida-based commercial real estate investment sales brokerage firm specializing in the sale of shopping centers and office buildings in Florida and single-tenant net lease properties nationally. Founded in 2001 by industry veteran Adam J. Tiktin, TREIS is committed to a higher level of service and an unmatched standard of integrity. The investment sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies. www.tiktinrealestate.com.