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28194212
28194231

8053 W Oakland Park Blvd, Sunrise, FL 33351

ML
FL 3455922
STL Commercial
STL Commercial
Listed by STL Commercial
$12,500,000
211 days on market
Updated 99 days ago

Spring Tree Center - Class A Retail Site

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 33,826
Cap Rate 6.62%
NOI $827,866
Occupancy 93%
Tenancy Multi
Brand/Tenant Walgreens
Price per SqFt $370
Class A
Buildings 2
Lot Size (SqFt) 151,123
Zoning B-2

Walgreens Anchored Shopping Center

Marketing description

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.

Investment highlights

  • Strong anchor tenants

  • Walgreens built in 2019

  • NNN leases

  • Excellent property visibility

  • 3.5 acres of land

Listing Contacts

ML
FL 3455922
STL Commercial
STL Commercial
Listed by STL Commercial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$827,866.00
$68,988.83/mo

Valuation Metrics

0
DSCR
6.62%
Cap Rate
6.62%
ROI

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Additional Information

Name
Max Loria
License
3455922
Brokerage
STL Commercial
Title
Real Estate Broker
Brokerage Address
4200 Northwest 7th Avenue
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