JLL is pleased to offer for sale the fee-simple interest in a NNN leased, Chick-fil-A & Boca Raton Bridal South, multi-tenant “Property” or “Asset” located at 1331 - 1341 N. University Drive in Coral Springs, Florida.
The Property is a two-tenant freestanding retail building that is tenanted by Chick-fil-A, Inc. (d/b/a Chick-fil-A) and Boca Raton Bridal and Consultants, LLC (d/b/a Boca Raton Bridal South) on Absolute-NNN leases with no landlord responsibilities. The Chickfil-A is a corporate tenant, and is the largest quick-service chicken restaurant chain in the United States, with more than 2,200+ restaurant locations. There are 8+ years are remaining on the lease with (5) 5-Year options to renew.
The Boca Raton Bridal South tenant is a single store operator with a strong following through their various promotions, events, and shows. There are 9+ years are remaining on the lease with (1) 5-year option to renew.
The property is located on North University Drive in Coral Springs, Florida. It is the main north-south thoroughfare through western Fort Lauderdale. Traffic counts on N University Drive are 45,500 vehicles per day. The property is located in the regional retail hub with University Drive being the core of development. Chick-fil-A is located midway between Coral Square Mall, a 941,000-square foot Macy’s and Kohl’s anchored property owned by Simon and The Walk, a bustling 240,000 square foot lifestyle destination. The University Drive corridor in Coral Springs has seen excellent retail success.