Harding Plaza
Value-Add, Class A Retail Strip Center next to Brand-New Wawa on N Federal Highway in Hollywood, FL
Marketing description
CBRE Inc., as the exclusive advisor, proudly offers for sale “Harding Plaza”, a
±6,200 SF newly constructed, Class A retail center with direct frontage along N
Federal Highway (US-1) in Hollywood Florida. Harding Plaza offers tremendous
value and upside for a new owner with current occupancy at 64% offering
2 vacant retail bays ready to be leased and shadow anchored by a newly
constructed Wawa to the north of the property.
Harding Plaza benefits from excellent high traffic exposure along N Federal
Highway with over 31,000 vehicles per day and easy ingress/egress with
excellent parking in the rear of the property. The Subject Property provides a
diverse mix of stable tenants and offers additional value through lease up of
the 2 vacant spaces. Local market rents have grown tremendously over the
last several years allowing an investor add value to the asset not only through
lease up but by increasing rental rates as 2 of the 3 in-place leases currently sit
around 20% below market rates.
Investment highlights
±6,200 SF Class A Retail Strip with Value-Add next to Brand-New Wawa
64% Occupancy with Two Easy-to-Lease Bays Offering Quick Stabilization
2 of 3 Tenants Currently 20% Below Market Offers Additional Upside
180 Feet of Prime N Federal Highway Frontage, Visible to 31,000+ Vehicles Per Day
Prime Central East Broward Market Between Fort Lauderdale and Aventura
Strong Local Market Fundamentals with Single Digit Vacancy Rates and High Rental Growth
Listing Contacts
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