Overview

Description

Build-to-Suit Construction on Oversized 1.57±AC Parcel situated on Hard Signalized Corner with Exposure to Over 44K VPD| Recent Rare 15-Year Renewal, Corporate-Backed 15-Year Lease with Six (6), 5-Year Extension Options. Lease Features ten (10) percent Rental Increases at Commencement of each Renewal Option Period | Investment Grade Tenant, Rated 'BBB' by S&P / Baa2 by Moody's [NYSE: DG]. Property benefits from Direct Frontage to Hallandale Beach Boulevard, the dominant retail corridor and one of the major thoroughfares in the area, this property boasts high visibility and easy accessibility. Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area. Broward County is the 2nd most populous County in Florida and the location also benefits from its close proximity to the 1st most populous County in FL, Miami-Dade County.

Highlights

• Build-to-Suit Construction on Oversized 1.57±AC Parcel situated on Hard Signalized Corner with Exposure to Over 44K VPD| Recent Rare 15-Year Renewal, Corporate-Backed 15-Year Lease with Six (6), 5-Year Extension Options
• Lease Features ten (10) percent Rental Increases at Commencement of each Renewal Option Period | Investment Grade Tenant, Rated 'BBB' by S&P / Baa2 by Moody's [NYSE: DG]
• Direct Frontage to Hallandale Beach Boulevard, the dominant retail corridor and one of the major thoroughfares in the area, this property boasts high visibility and easy accessibility. The boulevard is a bustling corridor that connects various parts of Broward County and leads directly to the beaches, making it a high-traffic area ideal for commercial ventures.
• Dollar General is Nation's Largest Small-Box Retailer and recently reported Q3 2023 Net-Sales increased 2.4% to $9.7B in Company's Third Quarter Earnings Report (Ending on Nov. 3, 2023) compared to $9.5B in Q3 of 2022.
• The property benefits from excellent transportation links. It's easily accessible by car, with major highways like I-95 and US-1 nearby, facilitating easy travel to and from Miami, Fort Lauderdale, and other significant South Florida locations. Public transportation options, including bus routes along Hallandale Beach Boulevard, enhance connectivity.
• Strong Demos with location serving over 205K residents within 3-miles and a Daytime Population over 28K Employees in Primary Trade Area. Broward County is the 2nd most populous County in Florida and the location also benefits from its close proximity to the 1st most populous County in FL, Miami-Dade County.

Documents

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