7301 Pines BlvdPembroke Pines, FL 33024

Property Details for 7301 Pines Blvd

Year built

1982

Property size (Sq ft)

2,780 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 2,780 square foot drive-thru and sit-down restaurant located at 7301 Pines Blvd, Pembroke Pines, FL 33024. The property is offered at $2,500,000, boasting a 5.77% cap rate and a strong 11.2-year remaining lease term with The Dutch Pot Jamaican Restaurant, expiring January 31, 2036. The absolute NNN lease structure eliminates landlord responsibilities, ensuring consistent cash flow. Situated on a 29,725 square foot lot, the building benefits from high visibility on Pines Boulevard, a major thoroughfare with over 47,500 vehicles per day. The lease includes a corporate guarantee and 3% annual rent increases, providing a hedge against inflation. The property's prime location is less than two miles from the Florida Turnpike exit ramp and within close proximity to Pembroke Lakes Mall, featuring major retailers like Dillard's, JCPenney, and Macy's, as well as numerous other national and regional tenants. The surrounding area boasts a dense population, with over 19,380 residents within a one-mile radius and an average household income exceeding $75,805 within a three-mile radius. The tenant, with nine locations throughout South Florida, recently exercised two five-year lease options, demonstrating a strong commitment to the location. Built in 1982, the single-story building includes 22 parking spaces. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and a prime location in a thriving retail corridor.

Location Insight

City

Pembroke Pines

County

Broward

State

Florida

Latitude

26.0095

Longitude

-80.2348

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