anchor space lease available - images1.loopnet.com · eastern areas of south florida, there is a...
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FOR LEASE
ANCHOR SPACE LEASE AVAILABLE75,256 SF (Divisible) Available in Broward County, South Florida
Bob Sherman - Sr. Vice PresidentRoss Realty Investments, [email protected]
ross-realty.com
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
EXECUTIVE SUMMARYThe subject space is a 75,256 sf former grocery store (divisible) located in an otherwise fully leased 157,152 sf neighborhood shopping center. Located in north-central Broward County at the southwest quadrant of State Road 7 (US Hwy 441 – 52,500 ADT) and Sample Road (63,500 ADT), the space offers excellent marketing visibility to the adjacent roads and access via two entrances (a third is proposed). The surrounding trade area is characterized by a dense residential population (over 150,000 residents within three miles), countless national and regional tenants, numerous new car dealerships, a regional hospital, and a large active casino. Plaza naming rights are available on three monument signs.
P R O P E R T Y S TAT SAnchor Space Available 75,256 SF
Can be subdivided to 20,000 SF
Lease Rate per SF $10.00 - $15.00 NNN
Term 10-15 Years
Address 3105-3285 N State Road 7, Margate, FL
Submarket NW Broward/Coral Springs
Parcel ID(s) 48-41-24-10-0010
Total Center Square Footage 157,152 SF
Lot Size ±18 AC
Year Built/Renovated 1989/2016
M A J O R T E N A N T S A R E A ( S F ) % O F G L A
YouFit Health Club 17,500 11.49%
Health/Beauty Tenants 10,252 6.73%
Promovere (Camp Canine) 7,532 4.95%
Gold Seal Childcare (Toddler Club) 6,304 4.14%
Restaurant Tenants 4,989 3.28%
Medical Tenants 3,692 2.42%
Other 1,827 1.20%
W I T H I N A 3 - M I L E R A D I U S
150,9352018 EST.
POPULATION
$78,0732018 EST. AVERAGE
HOUSEHOLD INCOME
$63,8322018 EST. MEDIAN
HOUSEHOLD INCOME
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
SPACE
AVAILABLE
SURROUNDING MARKETThe surrounding trade area is characterized by a dense residential population (over 150,000 residents within three miles), countless national and regional tenants, numerous new car dealerships, a regional hospital, and a large active casino. Plaza naming rights are available on three monument signs.
3105
31113113
3115
17,500 SF
317931813183
3187
320170,358 SF
3203320532073211
321728,600 SF
3285Toddler Club
6,304 SF
Suite Tenant SF3105 Sav-A-Lot Nutrition Center 4,8003111 Pizza Hut 1,6003113 Margate Family Medical 1,2003115 3179 VACANT3181 South Florida Vision 1,6003183 2,1323187 2,3343191 7,5323201 70,3583203 1,827
98632073211 3,3893217 28,6003285 6,304
Nails Aria SalonNorkobes BeautyPromoverePenn Dutch Food CenterLa Lu FurnitureFinal Cut Barber ShopAll Care DentalDonna's RestaurantFlorida Career CollegeGold Seal Childcare
TOTAL 151,054
YouFit Margate
892
17,5001,200
3205
NW
31s
t St
FL-7 (US-441)
NW 62nd St
SUITE TENANT SF3105 Save-A-Lot 4,800
3111 Pizza Hut 1,600
3113 Margate Family Medical 1,200
3115 YouFit Margate 17,500
3179 VACANT 1,200
3181 South Florida Vision 1,600
3183 Nails Aria Salon 2,132
3187 Norkobes Beauty 2,334
3191 Promovere 7,532
3201 Penn Dutch Food Center 70,358
3203 La Lu Furniture 1,827
3205 Final Cut Barber Shop 986
3207 All Care Dental 892
3211 Donna's Restaurant 3,389
3217 Florida Career College 28,600
3285 Gold Seal Childcare 6,304
TOTAL 152,2543105 3191
NEW DANDEE DONUTS
OUTPARCEL BRIGHTSTAR
CREDIT UNION
DERMATOLOGY MEDICAL OFFICE
BUILDING
Access to N
W 62nd
St
Proposed access Point
FUTURE MEDICAL OFFICE BUILDING
(Jan 2020)FUTURE MEDICAL OFFICE
PARKING
3 MONUMENT SIGNS
Acc
ess
to N
W 6
2nd St
52,500 ADT
To Sample Rd
63,500 ADT
SPACE AVAILABLEWill Subdivide
SUITE TENANT SF
3105 Save-A-Lot Nutrition Centers 4,800
3111 Pizza Hut 1,600
3113 Margate Family Medical 1,200
3115 YouFit Margate 17,500
3179 VACANT 1,200
3181 South Florida Vision 1,600
3183 Nails Aria Salon 2,132
3187 Norkobes Beauty 2,334
3191 Promovere 7,532
3201 AVAILABLE 75,256
3203 La Lu Furniture 1,827
3205 Final Cut Barber Shop 986
3207 All Care Dental 892
3211 Donna's Restaurant 3,389
3217 Florida Career College 28,600
3285 Gold Seal Childcare 6,304
TOTAL 157,152
SITE PLAN
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
FLOOR PLANThe subject space is a 75,256 sf former grocery store (divisible) located in an otherwise fully leased 157,152 sf neighborhood shopping center.
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
DEMOGRAPHICS - 1-3-5 MILE RADIUS REPORT
+ Data provided by REGIS.
POPULATION 1 MILE 3 MILES 5 MILES2018 Estimated Population 20,138 150,935 399,8352023 Projected Population 21,193 158,463 419,2792010 Census Population 18,482 134,481 358,796Projected Annual Growth 2018 to 2023 1.0% 1.0% 1.0%Historical Annual Growth 2010 to 2018 1.1% 1.5% 1.4%
HOUSEHOLDS2018 Estimated Households 7,882 58,831 146,7852023 Projected Households 8,095 60,426 150,5922010 Census Households 7,494 54,420 136,245Projected Annual Growth 2018 to 2023 0.5% 0.5% 0.5%Historical Annual Change 2000 to 2018 0.7% 0.7% 0.5%
HOUSEHOLD INCOME2018 Est. Average Household Income $74,884 $78,073 $76,5982018 Est. Median Household Income $63,317 $63,832 $62,498
BUSINESSES & EMPLOYEES2018 Total Businesses 804 5,559 15,8222018 Total Employees 10,950 51,404 143,811
HOUSING2018 Total Housing Units 8,362 63,479 160,4402018 Owner-Occupied 61.8% 70.2% 67.7%2018 Renter-Occupied 38.2% 29.8% 32.3%2018 Vacant Housing 6.1% 7.9% 9.3%
2018 EDUCATION ENROLLMENT
Less than 9th Grade
9th-12th Grade, No Diploma
High School Graduate
Some College, No Degree
Associate Degree
Bachelor's Degree
Graduate/Professional Degree
2018 HOUSEHOLD INCOME DISTRIBUTION
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
$35,000 to$49,999
$50,000 to$74,999
$75,000 to$99,999
$100,000 to$149,999
$150,000 to$199,999
$200,000 +
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
ROADWAYS
I-75, whose daily traffic count is upwards of 148.5k vehicles per day, is the gateway to Southwest Florida. The interstate extends from northern Miami-Dade County, west to Naples and up the United States.
I-595, also known as the Port Everglades Expressway, is one of the most heavily travelled roadways in South Florida. It connects I-75 and Alligator Alley through Broward County ending at Port Everglades. The interstate serves over 126.5k cars on a daily basis.
The Sawgrass Expressway, one of the busiest state roads in the region, serves upwards of 105k vehicles daily connecting drivers from I-595 in the Southwest to north central Broward County.
Florida’s Turnpike is the state’s most traveled toll road connecting the Miami area to Central Florida.
I-95 is Florida’s largest interstate highway and extends from Florida all the way up the eastern seaboard of the United States.
CORAL LANDINGS III
SPACE AVAILABLE
PEPPERTREE PLAZA
COCONUT CREEK PLAZA
MAINSTREET OF COCONUT CREEK
- 2,000+ Residential Units- Hotel, Commercial
- Education, Civic
W Sample Rd · (63,500 ADT)W Sample Rd · (63,500 ADT)
N State Rd 7 · 52,500 ADTN State Rd 7 · 52,500 ADT
Lyons Rd
· (45,000 AD
T)Lyons R
d · (45,000 A
DT)
Wiles Rd · (34,000 ADT)
Wiles Rd · (34,000 ADT)
N
VIEW FACING NORTH
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
CORAL SPRINGS – MARGATE – COCONUT CREEKThe subject space is positioned within the core of northwestern Broward County. The Property sits on the northern edge of the City of Margate and borders the City of Coral Springs to the north. With the City of Coconut Creek to the east, this site sees bustling daily traffic from three major submarkets in South Florida. These cities make up a considerable portion of the desirable suburban communities that characterize northwestern Broward County. As congestion and overdevelopment builds along the eastern areas of South Florida, there is a movement west to find more reasonably priced housing and improved quality of life. Bordered by both the Sawgrass Expressway and Florida’s Turnpike, the Coral Springs-Margate-Coconut Creek area is a direct beneficiary of this highly accessible location 20 minutes from both the Boca Raton and Ft. Lauderdale employment centers, and 45 minutes from Downtown Miami.
LOCATIONNW Broward’s impressive population density and constant growth has been supplemented by the extensive system of highways that connect these communities to the major attractions and employment centers of Broward County. The Sawgrass Expressway bypasses the northern and western borders of the submarket by connecting points of access at Florida’s Turnpike near Pompano Beach to the intersection of
Interstates 75 and 595 near Fort Lauderdale. The Property is only minutes west of the Sample Road on-ramp to Florida’s Turnpike and Interstate 95. The impressive inter-connectivity of Coconut Springs-Margate-Coconut Creek to Miami, Naples, and other regional destinations make the area extremely desirable as a place to live in South Florida.
RETAIL ANCHOR SPACE UP TO 75,256 SF FOR LEASE
PHYSICAL DESCRIPTION
YEAR BUILT / RENOVATED1989/2016
LEGAL DESCRIPTIONParcel ID: 48-41-24-10-0010
SITE/LAND AREA157,152 SF / ±18 AC
CONSTRUCTIONConcrete slab on grade
FOUNDATIONReinforced concrete slab over reinforced concrete footings
WINDOWSStorefront glass with aluminum frames
LIGHTINGLED upgradecommercial fluorescent &incandescent fixtures in parking lots
EXTERIOR FINISHConcrete block construction with stucco
ROOFBuild-up flat roof over steel joist
* Roof installed 2008 with preventative maintenance done in 2017.
PARKING675 total spaces5/1,000 SF of Bldg.
AIR CONDITIONING / HEATINGIndividual package units
UTILITIESFlorida Power and Light (FP&L)City of Margate Water and Sewer
SITE AMENITIES / IMPROVEMENTS$300K in upgrades
• Landscaping• Site lighting (LED)• Parking lot seal & stripe• Hardscape repairs• Building paint• Fire sprinkler system• Two (2) exterior loading docks• Backup generator• Three (3) Monument signs
* U.S. 441* U.S. 441/NW 31st St.* NW 31st St.
• Three (3) access points* NW 31st St.* NW 62nd Ave.* Bland Rd. (future)