1732 University Dr Plantation, FL 33322
- Retail properties
- 10,700 SF
- 2.13 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1732 University Dr
- Year built
- 2024
- Lot size
- 2.13 lot acres
- Property size
- 10,700 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 10,700 square foot multi-tenant retail property, situated on a 2.13-acre lot in Plantation, Florida, presents a compelling investment opportunity. Located at the high-traffic intersection of University Drive and Sunrise Boulevard, this property boasts a prime location within the thriving 77-acre Plantation Pointe mixed-use development, experiencing 1.2 million annual visits. The center is 100% occupied by four national restaurant tenants—First Watch, Just Salad, CAVA, and Potbelly Sandwich Shop—all operating under 10-year leases with 10 years remaining. Built in 2024, this Class-A new construction features patio seating for each tenant. The property generates a substantial net operating income (NOI) of $617,033, representing a 6.50% cap rate on the $9,500,000 asking price, or $943.93 per square foot. Benefitting from a dense and growing trade area with significant daytime employment, this investment offers a secure and growing income stream in a location with exceptional visibility and high traffic counts. The property is conveniently located seven miles northwest of downtown Fort Lauderdale and enjoys the advantage of Florida's no state income tax environment. This is a rare opportunity to acquire a high-performing, multi-tenant retail property in a premier South Florida location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plantation
- County
- Broward
- State
- Florida
- Longitude
- -80.257
- Latitude
- 26.1467
