Pembroke Pines, FL - For Eyes
$2,300,000
12890 Pines Blvd, Hollywood, FL 33027
5.5
Cap Rate
126,492
NOI
Details:
Description:
• Corporate-backed lease with Luxottica of America Inc., part of EssilorLuxottica the world’s largest eyewear company
• Tenant has operated at this location since 1998 (27+ years)
• The tenant is currently paying below market rents in Broward County
• The subject property is an outparcel to a Walmart Super Center and Publix-anchored center, benefitting from consistent daily traffic
• Located in one of Broward County’s largest and fastest growing suburban cities with close proximity to major demand drivers:
• Memorial Hospital West (120,000 SF cancer center expansion)
• City Center mixed-use development (+700 new residential units)
• Subject property ranks in the 90th percentile nationwide and 94th percentile in Florida according to Placer.ai
Location
Gallery