BID DATE DEADLINE – JUNE 3, 2022
Investment Highlights
- Rare, high-performing South Florida grocery anchored shopping center located near the Sawgrass Mills Mall in Plantation, Florida
- Anchored by ALDI, who recently executed an early lease renewal, demonstrating their success at this location
- Immediate area has no big box or junior box space vacancies and virtually no small shop vacancy
- Aggressive rent increases contribute to 3% compound average growth rate of NOI
- Additional $115,000 of annual income upside through leasing small bay vacancy
- Excellent frontage and easy access on heavily travelled West Sunrise Boulevard
- 47% of GLA is leased to credit tenants; strong grocery anchor and staggered lease expirations contribute to attractive non-recourse financing options
Location
- Nearby Sawgrass Mills Mall attracts 40 million visitors annually
- Located just east of ramp on and off Sawgrass Expressway with 107,000 vehicles per day
- Growing area with several new multifamily and mixed-use developments
- Infill location with 3-mile population of 104,000 and one-mile median household income of $92,000
- Strategic location with excellent mix of daytime, nighttime, and weekend customers
