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4400 W Hillsboro Blvd 9,943 SF 100% Leased Retail Building Coconut Creek, FL 33073 $4,568,850 CAD ($459.50 CAD/SF) 6.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in a thriving commercial hub between Florida’s Turnpike and US Highway 441, with direct exposure to over 35,000 vehicles daily (VPD).
- Ownership occupies a 500-square-foot warehouse at the rear of the property, ideal for a new tenant lease or as a management space.
- 240 feet of frontage along W Hillsboro Boulevard and ample on-site parking optimize convenience and accessibility for patrons and tenants.
- Significant investments include a new parking lot, the completion of deferred maintenance, and market-rate NNN leases with 3% annual increases.
- Hosts a diverse list of tenants, including service-oriented businesses such as a salon and martial arts studio, attracting steady foot traffic.
- Surrounded by significant anchors, including Publix and Planet Fitness, and steps from residential communities and local dining options.
EXECUTIVE SUMMARY
Positioned along one of Coconut Creek’s busiest thoroughfares, 4400 W Hillsboro Boulevard offers a rare opportunity to acquire a high-visibility, 9,943-square-foot multi-tenant retail building at the center of a thriving commercial and residential hub. Established in 1981 with robust brick walls and classic Spanish-style roofing, the efficient rectangular construction maximizes tenant space and flexibility. Ownership has made significant upgrades to the building, including a newly resurfaced parking lot, improvements on deferred maintenance, and updating the leases to a triple net (NNN) structure with percent annual increases against current market rates.
Home to a diverse tenant mix, including a martial arts studio and a salon and spa, this property benefits from excellent visibility, with prominent signage exposed to more than 35,000 vehicles daily. An additional owner-occupied 500-square-foot warehouse will become available, adding to the investment potential. The new owner can also maintain the warehouse. On 240 feet of frontage along W Hillsboro Boulevard, the site provides ample front-of-building parking for tenants and patrons.
Between Florida’s Turnpike and US Highway 441, 4400 W Hillsboro Boulevard is adjacent to two thriving shopping centers anchored by Planet Fitness and Publix and surrounded by quick-service restaurants and local dining. The property sits at the entrance of the Deerfield Lake mobile home community and is next to Lennar’s Ashton Parc townhomes, just minutes from Adios Golf Club. With over 22,000 households generating approximately $721.5 million in consumer spending within a 2-mile radius, this is a compelling investment opportunity.
Home to a diverse tenant mix, including a martial arts studio and a salon and spa, this property benefits from excellent visibility, with prominent signage exposed to more than 35,000 vehicles daily. An additional owner-occupied 500-square-foot warehouse will become available, adding to the investment potential. The new owner can also maintain the warehouse. On 240 feet of frontage along W Hillsboro Boulevard, the site provides ample front-of-building parking for tenants and patrons.
Between Florida’s Turnpike and US Highway 441, 4400 W Hillsboro Boulevard is adjacent to two thriving shopping centers anchored by Planet Fitness and Publix and surrounded by quick-service restaurants and local dining. The property sits at the entrance of the Deerfield Lake mobile home community and is next to Lennar’s Ashton Parc townhomes, just minutes from Adios Golf Club. With over 22,000 households generating approximately $721.5 million in consumer spending within a 2-mile radius, this is a compelling investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,943 SF
Building Class
C
Year Built
1981
Price
$4,568,850 CAD
Price Per SF
$459.50 CAD
Cap Rate
6.97%
NOI
$318,435 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.76 AC
Zoning
B-3 - Community Shopping
Parking
18 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
240’ on W Hillsboro Blvd
AMENITIES
- Signage
- Air Conditioning
ABOUT POMPANO BEACH
Pompano Beach runs north from the City of Deerfield Beach through the City of Pompano Beach in the south and Coconut Creek on the east, while Interstate 95 and the Turnpike run through its center. Additionally, the area is only around 13 miles from downtown Fort Lauderdale and Las Olas and is home to the Pompano and Deerfield beaches on its eastern edge.
Local residents primarily drive retail demand in the area, with buying power tending to be higher closer to the beaches in the areas between Lighthouse Point and Hillsboro Beach.
Retail properties in the area tend to rent at a discount relative to the Fort Lauderdale market average. This relatively affordable area has seen retail tenant demand increase in the past few years.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
13,090
120,206
324,877
611,689
2029 Population
12,988
121,430
327,721
618,656
2024-2029 Projected Population Growth
-0.8%
1.0%
0.9%
1.1%
Median Age
40.1
44.0
44.0
43.8
College Degree + Higher
35%
39%
37%
24%
Daytime Employees
5,813
50,920
156,893
417,997
Total Businesses
845
6,102
19,489
51,928
Average Household Income
$97,190
$98,008
$92,995
$100,784
Median Household Income
$78,129
$72,620
$65,369
$70,867
Total Consumer Spending
$157.6M
$1.5B
$4B
$7.7B
2024 Households
4,805
47,413
131,182
243,382
Average Home Value
$371,576
$373,888
$369,552
$441,733
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Subway | - | - | 2 min walk |
| La Brasa Rotisserie & Grill | - | - | 3 min walk |
| Bamboo Wok | Chinese | $ | 7 min walk |
| Dunkin' | Cafe | - | 7 min walk |
| Clean Eatz | American | $$$ | 9 min walk |
RETAIL |
||
|---|---|---|
| 7-Eleven | Convenience Market | 4 min walk |
| United States Postal Service | Business/Copy/Postal Services | 3 min walk |
| Planet Fitness | Fitness | 3 min walk |
| Walgreens | Drug Store | 6 min walk |
| Publix | Supermarket | 8 min walk |
HOTELS |
|
|---|---|
| Hampton by Hilton |
105 rooms
7 min drive
|
| Hilton |
199 rooms
10 min drive
|
| Fairfield Inn |
101 rooms
11 min drive
|
| Wyndham |
181 rooms
14 min drive
|
| Marriott |
224 rooms
15 min drive
|
PROPERTY TAXES
| Parcel Number | 48-42-05-05-0020 | Improvements Assessment | $1,920,322 CAD |
| Land Assessment | $570,270 CAD | Total Assessment | $2,490,592 CAD |
PROPERTY TAXES
Parcel Number
48-42-05-05-0020
Land Assessment
$570,270 CAD
Improvements Assessment
$1,920,322 CAD
Total Assessment
$2,490,592 CAD
ABOUT THE SELLER
Read More
OTHER PROPERTIES IN THE LOUIS GIORGI PORTFOLIO
SALE ADVISOR
SALE ADVISOR
Louis Giorgi, President
Louis Giorgi is a seasoned commercial real estate professional and the President at Bark Management, where he oversees acquisitions, developments, and property management. Specializing in South Florida properties, Louis brings deep market expertise and a strategic approach to identifying and maximizing investment opportunities. His leadership at Bark Management ensures the growth and success of a diverse portfolio, driving value through thoughtful asset management and development initiatives.
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