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South Florida Retail Market Investment Opportunity at Promenade at Coconut Creek

Thursday, June 11, 2015

HFF is proud to exclusively offer an investment opportunity for a retail property in South Florida, one of the strongest performing and desirable retail markets in the country, for a lifestyle retail center with tremendous growth potential.

Promenade at Coconut Creek South FloridaThe Promenade at Coconut Creek is a 297,000-square-foot mixed-use lifestyle center located within the epicenter of some of the most prestigious neighborhoods in Broward County, Florida. Coconut Creek is a well-planned city located between Miami and Palm Beach known for its thriving business opportunities such as this one.

The Promenade at Coconut Creek features nationally prominent retailers, some of the industry's hottest restaurant concepts, and is anchored by a new 11-screen Silverspot Cinema. Built in 2008, the site covers 22.94 acres. In 2010 it became one of the first major retail developments in the Southeast achieve a LEED silver designation.

Poised for tremendous growth, the location allows the property to draw from a dense trade area with favorable demographics. A new owner will benefit from a surge in sales and tenant productivity as the property matures and will be well positioned to significantly grow NOI from multiple near-term value enhancement opportunities.

Retail Property Investment Benefits:

  • Unencumbered by existing financing
  • Opportunity to significantly enhance value beyond the current successful format
  • Core-plus retail offering with exceptional return profile
  • Addition of movie theater will drive consumer traffic and tenant sales
  • Restaurant hub with enormous growth potential
  • Affluent and dense trade area with significant growth
  • Nationally prominent tenancy with regional draw

If you are looking for retail properties in Miami and want more information on the Promenade at Coconut Creek, please contact our HFF Miami Office.

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