Shoppes at Lakeview

Highlights

• Dunkin' Recently Signed 5-Year Lease Renewal and Made Significant Store Renovations
• Dunkin' Lease Lease Guaranteed by 800+ Unit Operator
• Positioned at the First Signalized Intersection off the Sawgrass Expressway's Atlantic Blvd Exit, with +/- 88,500 Vehicles Passing Daily
• +/- 260 Feet of Prime Frontage on Atlantic Blvd, a Major East-West Thoroughfare in Broward County
• Located at Gateway to the Community of Lakeview, Offering a Strong Built-In Consumer Base
• Median Household Income of $95,000 Within a 1-Mile Radius
• Only Shopping Center within nearly 2-Mile Radius

Description

SVN Commercial Partners, as the exclusive advisors, proudly presents for sale the Shoppes at Lakeview ("the Property"), a +/- 10,300 square-foot multi-tenant neighborhood retail plaza built in 2004 and strategically located just off the Sawgrass Expressway on W Atlantic Blvd. This prime Property is situated at the first signalized intersection off the Atlantic Blvd exit, experiencing a daily traffic count of nearly 84,000 vehicles, and features over 260 feet of frontage along this high-traffic corridor.

Anchored by Dunkin’, which has been a tenant since the Property's construction, Shoppes at Lakeview recently renewed its lease for an additional 5 years, accompanied by significant renovations. The Dunkin’ lease is backed by the Dhanani Group, a prominent operator with over 800 restaurants nationwide.

The Property hosts a diverse mix of tenants offering a wide array of products and services, catering to the affluent communities of Coral Springs and Parkland. Positioned at the gateway to the Lakeview community, the Property benefits from a strong built-in customer base, with a median household income of $95,000. The 1.06-acre site includes 56 parking spaces (5.08/1,000 SF), providing ample parking and flexibility for various tenant needs.

Current rents average just under $23.51 per square foot net, approximately 22% below the market rate of $30 per square foot net for similar properties in the area, presenting investors with the opportunity to enhance returns by aligning rents with market levels.

Shoppes at Lakeview's strategic location is further highlighted by its proximity to major traffic drivers and developments, including Coral Square Mall, Sawgrass Mills Mall, and Amerant Bank Arena, home of the NHL champion Florida Panthers.

This offering represents a unique investment opportunity, combining prime positioning, a diverse tenant mix, and significant potential for increased rental income in the thriving South Florida market.

Strategically positioned in the thriving city of Coral Springs, Florida, the property at 12430 - 12444 W Atlantic Boulevard represents a premier investment opportunity. Located just off the Sawgrass Expressway, this prime retail plaza enjoys seamless connectivity to major transportation routes. The Property’s strategic location offers unparalleled accessibility, being less than a 5-minute drive from the Sawgrass Expressway, providing easy access to surrounding areas including Parkland, Tamarac, and Sunrise, as well as direct routes to Miami and Fort Lauderdale. The property is conveniently located near major attractions and developments, including the Coral Square Mall and the vibrant dining and shopping options that Coral Springs has to offer. Additionally, the Property benefits from proximity to numerous educational institutions and healthcare facilities, such as Broward Health Coral Springs, driving significant traffic to the area. The Property is also adjacent to newly developed residential communities, further enhancing its appeal. The Property benefits from its position along W Atlantic Boulevard, a high-traffic corridor with an average daily traffic count of nearly 84,000 vehicles. This location, coupled with a strong demographic profile—including a median household income exceeding $95,000 within a 5-mile radius—positions the Property to attract a steady flow of high-quality traffic. The area is well-known for its vibrant community and its proximity to major recreational and entertainment hubs, offering a dynamic lifestyle for residents and visitors alike. With a robust surrounding population and strong economic indicators, the property at 12430 - 12444 W Atlantic Boulevard is ideally positioned as an exceptional investment opportunity in one of South Florida's most desirable markets.