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Listing provided by LightBox Revere
3600 N University DrCooper City, FL 33024
The Shoppes at Monterra Commons- Bldg 4
Value-Add | New Construction | Unanchored Strip Center
Overview
The Shoppes at Monterra Commons (Building 4) is a newly constructed multi-tenant retail building delivered in 2024 and located at 3600 N University Drive in Cooper City, Florida. The 18,448 square foot unanchored strip center is 57% occupied, and part of a larger 5.3-acre, five-building retail development and is strategically positioned along a strong retail corridor with traffic counts exceeding 44,500+ vehicles per day, surrounded by national retailers including Target, Chick-fil-A, Home Depot, Aldi, First Watch, Culver’s, and The Learning Experience.
Investment Highlights
AVG In Place Rent
$50.16 / SF
# Buildings
1
Land
0.47 Acres
Occupancy
57%
Square Feet
18,488
Year Built
2024
- Rare opportunity to purchase a newly constructed multi-tenant retail strip center, that is only 57% occupied, in one of the fastest-growing areas of Broward County in one of the strongest rent corridors.
- Part of the Shoppes at Monterra Commons - a 0.47 acre retail portion, of a 5.29 Acre Mixed Use Project compromised of 5 retail/restaurant buildings totaling 50,489 SF, together with a 70,000 SF office building 100% occupied by Bightstar Credit Union, and a 175 unit mid-rise, adult only, apartment complex.
- This building is occupied by national tenants ISI Elite Training and Playa Bowls, regional tenants Gyromania, Pines Aesthetics Med Spa, and Cali- Coffee Drive-thru and local tenant London Curry House.
- Other portions of the center occupied by national tenants Culvers, First Watch, The Learning Experience, Hair Cuttery, Tide Cleaners, and Charley's Cheesesteak, and regional tenant Huey Magoos.
- The property offers tremendous upside, with 7,919 SF of vacant retail space available to lease.
- Access and Signage off of University Dr, which is part of a strong Retail Corridor including neighboring national tenants Target, Chick-fil-a, Home Depot, & Aldi.
- The site has excellent exposure and frontage on N University Drive – totaling traffic counts exceeding 44,000 vehicles per day.
- Strong demographics – estimated average household income of $99,749 and the average house value is $409,078 all within a 1-mile radius of the subject property.
- Within 3 miles there are Memorial Hospital Pembroke Pines (301 beds), HCA Hospital at Nova (165 Beds), Nova Southeast University (21k+ Students) and Broward College (50k+ Students).
Photo Gallery
3600 N University DrCooper City, FL 33024
Investment Team
1311 North Westshore Boulevard, Suite 200, Tampa, FL 33607
Listing provided by LightBox Revere