Storefront For Sale
35,129 Sq Ft
Lee & Associates, as exclusive advisor, is pleased to present for sale the Shoppes of Cooper City, ("the Property"), a nearly 5 acre site, 35,129 - rentable square foot, 3 building property consisting of in-line retail.
This 21 unit plaza is offered for sale at $9,800,000 and is currently 89% occupied
Shoppes of Cooper City is currently 89 percent occupied by 19 tenants and has 2 vacant spaces. Tenants within the center operate under triple-net leases with an average rental rate of $22.24 per square foot.
The retail bays within the center range from 820 square feet to 3,864 square feet. The three largest tenants are New Castle Realty, Dunkin
Donuts and Northwestern Management, which occupy 3,864 square feet, 2,250 square feet, and 2,180 square feet, respectively.
National retailers in surrounding area include Wells Fargo, Starbucks, CVS, LA Fitness, and Dollar Tree among others. Additionally, an investor can significantly raise the Property's current NOI by leasing the vacant space and raising the current tenant's rent to market upon lease expiration.
The Property's premier location offers an investor a rare opportunity in a rapidly growing market with excellent demographics, strong local and regional fundamentals, and a steady increase in jobs and development that will continue to enhance and maintain the stabilization of the property.