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Spring Tree Center – Class A Retail Site 8053 W Oakland Park Blvd 33,826 SF 97% Leased Retail Building Sunrise, FL 33351 $18,399,086 CAD ($543.93 CAD/SF) 6.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong anchor tenants
- NNN Leases
- 3.5 acres of land
- Walgreens built in 2019
- Excellent property visibility
EXECUTIVE SUMMARY
STL Commercial is pleased to present the opportunity to acquire The Spring Tree Center, a ± 33,826 SF Class A retail property located at 8053 W. Oakland Park Blvd in Sunrise, FL. The property sits on 3.5 acres of land strategically located in the heart of Sunrise.
This high-quality shopping destination is anchored by national tenants including Walgreens and Wild Fork, providing long-term stability and strong consumer draw. The property is comprised of two buildings: one developed as a build-to-suit Walgreens and the other featuring a diverse mix of national and local tenants with flexible suite configurations.
The property is currently 93% leased with all tenants operating under NNN lease structures, effectively passing through all expense obligations and resulting in minimal landlord responsibilities. This ensures stable and predictable cash flow while also presenting immediate upside potential through strategic lease restructuring and rent optimization initiatives aimed at enhancing overall net operating income.
Ideally situated at the signalized intersection of Oakland Park Boulevard and University Drive, The Spring Tree Center benefits from exceptional visibility, heavy daily traffic, and convenient ingress/egress. The site offers ample surface parking and efficient circulation, creating an accessible and inviting environment for both tenants and customers.
This high-quality shopping destination is anchored by national tenants including Walgreens and Wild Fork, providing long-term stability and strong consumer draw. The property is comprised of two buildings: one developed as a build-to-suit Walgreens and the other featuring a diverse mix of national and local tenants with flexible suite configurations.
The property is currently 93% leased with all tenants operating under NNN lease structures, effectively passing through all expense obligations and resulting in minimal landlord responsibilities. This ensures stable and predictable cash flow while also presenting immediate upside potential through strategic lease restructuring and rent optimization initiatives aimed at enhancing overall net operating income.
Ideally situated at the signalized intersection of Oakland Park Boulevard and University Drive, The Spring Tree Center benefits from exceptional visibility, heavy daily traffic, and convenient ingress/egress. The site offers ample surface parking and efficient circulation, creating an accessible and inviting environment for both tenants and customers.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
33,826 SF
Building Class
C
Year Built/Renovated
1978/2019
Price
$18,399,086 CAD
Price Per SF
$543.93 CAD
Cap Rate
6.22%
NOI
$1,145,262 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
3.47 AC
Zoning
B-2 - Community Business District
Frontage
AMENITIES
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
For more info or to schedule a tour please contact Elliot at 305-498-8788 or via email at eanker@adlerproperties.com
| Space | Size | Space Use | Position | Available |
| 900 | 1,082 SF | Retail | - | Now |
900
| Size |
| 1,082 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
900
| Size | 1,082 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
For more info or to schedule a tour please contact Elliot at 305-498-8788 or via email at eanker@adlerproperties.com
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-41-21-03-0141 | Improvements Assessment | $7,005,577 CAD |
| Land Assessment | $3,820,045 CAD | Total Assessment | $10,825,622 CAD |
PROPERTY TAXES
Parcel Number
49-41-21-03-0141
Land Assessment
$3,820,045 CAD
Improvements Assessment
$7,005,577 CAD
Total Assessment
$10,825,622 CAD
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Spring Tree Center – Class A Retail Site | 8053 W Oakland Park Blvd
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