Property Highlights
- Rare opportunity to acquire a mixed-use covered land play in South Florida
- In place net cash flow of $440,222 per year from credit tenant with new 10-year lease extension
- Signalized corner location with 33,200 cars per day, excellent visibility, and full access from both roads
- Dense in-fill market with high barriers to entry (68,000 employees within 3 miles)
- Located across from high volume Publix anchored shopping center, Broward College, Atlantic Technical College and Coconut Creek High School
- Site plan approval for 120,000 SF of commercial space with 5 curb-in pads
- PCD allows for wide range of commercial uses
- Florida has no state income tax and saw a net migration of 345,000 residents between April 2020 and April 2021