1732 University DrPlantation, FL 33322

Property Details for 1732 University Dr

Year built

2024

Lot size

2.13 AC

Property size (Sq ft)

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.

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1467

Longitude

-80.257

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].