Village Shoppes | O'Reilly Super Hub Anchor Through 2032

Highlights:

• O'Reilly Super Hub Anchor Through 2032 | O'Reilly anchors 37% of GLA through 2032, operating a retail store with same-day inventory supply.
• High-Traffic Signalized Infill Corner | Pines Boulevard (60,500 AADT) meets University Drive (55,000 AADT) at this signalized corner.
• Embedded NOI Growth From Rent Roll-Up | In-place rents of $17.50 PSF trail market's $25-$43 PSF, driving 72% NOI growth by Year 9.
• Fixed, Below-Market Ground Rent to 2036 | Rent is locked at $234,704 per year ($2.74 PSF) through September 2031, then steps modestly.
• High-Volume Hooters Outparcel Income | This location ranks in the 93rd percentile nationally for the chain, and pays percentage rent.
• Diverse, eCommerce-Resistant Tenant Base | No non-anchor tenant tops 7% of GLA across restaurants, services, and USPS government space.

Description:

View full details and diligence materials on RI Marketplace: https://rimarketplace.com/auction/3344/retail/pembroke-pines/fl?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october7_2026&utm_content=retail_3344

Brokered by TSCG and powered by RealINSIGHT Marketplace, Village Shoppes is an 88,439 SF retail center offered as a ground leasehold interest at the signalized corner of Pines Boulevard and S. University Drive in Pembroke Pines, Florida. The center is anchored by O'Reilly Auto Parts' 33,018 SF Super Hub store (37% of GLA), which also supplies same-day inventory to surrounding stores, and includes two income-producing outparcels, Hooters and Metro PCS/FixExpress.com. The remaining shop space is leased to a granular mix of restaurants, personal services, and government tenants, with no non-anchor tenant occupying more than 7% of GLA, insulating the roster from e-commerce disruption. The property is 95.2% occupied, and in-place rents averaging $17.50 PSF sit well below market rents of $25 to $43 PSF across unit types, creating embedded upside as leases turn or step to market. The asset sits on a ground lease with Broward County at a fixed, below-market rent of $234,704 per year, a locked-in low occupancy cost basis relative to the property's income. Village Shoppes serves a dense, affluent trade area with 185,000 residents and $95,357 average household income within a ten-minute drive, in one of Broward County's most supply-constrained retail submarkets.

Auction Starts: Oct. 5th, 12pm EST
Auction Ends: Oct. 7th, 12pm EST