College Plaza 7841-7899 Pines Blvd Local commercial 9 128 m² 45 % Loué À vendre Pembroke Pines, FL 33024 20 911 440 € (2 290,91 €/m²)

Victor M. Jaramillo, CEO/Broker of CBI Real Estate, let's combine these powerful elements to articulate the exceptional investment opportunity presented by College Plaza, showcasing its unique position in the Pembroke Pines market.
College Plaza: A Strategic Investment with Multi-Layered Upside in a Thriving Pembroke Pines Corridor
College Plaza, a 92,000 SF retail center on 8.86 acres at 7841 Pines Blvd, Pembroke Pines, FL, stands as a premier value-add acquisition for institutional and private investors alike. This asset’s compelling profile is rooted in a synergistic combination of immediate rent arbitrage potential, an irreplaceable, high-traffic location, a demographically robust and growing trade area, and its strategic positioning within a corridor favored by institutional ownership.
The Investment Narrative: Unlocking Hidden Value in a High-Demand Market
The investment thesis for College Plaza is clear: acquire a well-located asset at a significant discount to market rents, capitalize on embedded growth drivers, and realize substantial increases in Net Operating Income (NOI) and asset valuation. This is a rare opportunity to reposition and enhance a cornerstone retail property in a highly liquid and sought-after South Florida market.
Core Investment Drivers:
Explosive Value-Add from Below-Market Rents: A $22.50/SF NNN Arbitrage
The Undeniable Discrepancy: College Plaza's current average rental rate of $22.50/SF NNN represents a dramatic divergence from the prevailing market. Average asking NNN rents for comparable retail space in Pembroke Pines currently stand at approximately $45/SF. This striking $22.50/SF NNN differential signifies an immediate and tangible opportunity for substantial NOI growth.
Quantifiable Upside: With significant vacancy (approximately 55% of 92,000 SF, or 50,600 SF, including reported available spaces of up to 53,651 SF) and existing leases likely at or near the current average, a new owner can:
Lease Vacant Space at Market Rates: Even at a conservative market rate of $35/SF NNN for vacant space (already a significant increase over the current average), this translates to an additional gross revenue of $1,771,000 annually if fully leased, contributing directly to NOI. The recently projected $18/SF NNN for large format vacant space within the plaza still provides an immediate $486,000 increase to the stated annual NOI from lease-up.
Mark-to-Market on Lease Renewals: As existing leases expire, the remaining occupied space can be renewed at significantly higher, market-aligned rates, further bolstering cash flow and increasing the property's overall valuation.
Why the Discount? This anomaly likely stems from historical lease structures or passive asset management, creating a prime scenario for an investor to implement an aggressive leasing and repositioning strategy to unlock substantial embedded value.
Unrivaled Proximity to Broward College South Campus & Dynamic Demographics:
A Captive & Growing Consumer Base: The plaza's namesake, Broward College South Campus, located approximately 2 miles away, boasts a staggering population of over 51,000 students and 3,300+ faculty and staff (totaling over 54,000 individuals). This represents an immense, consistent, and diverse consumer demographic directly influencing College Plaza. This population translates into immediate and sustained demand for a wide array of retail services, including:
Educational Retail: Tutoring, specialized learning centers, language schools.
Fitness & Wellness: Yoga, dance, martial arts, specialized gyms.
Medical & Healthcare: Outpatient clinics, therapy, urgent care.
Entertainment & Recreation: Indoor play, entertainment venues.
Daily Needs: Restaurants, cafes, and essential services for students and faculty.
Affluent & Growing Trade Area: Beyond the college community, College Plaza benefits from robust surrounding demographics:
Strong Household Incomes: The 3-mile radius boasts an average household income of approximately $92,516, with a median household income of $81,675. This indicates a consumer base with significant disposable income capable of supporting diverse and higher-value retail offerings. The surrounding ZIP code 33029 even shows a median household income of $145,282.
Consistent Population Growth: Pembroke Pines continues to experience strong population growth, with a 2020 census population of 171,178, and continued increases noted through 2023 and 2024. This expanding residential base ensures a continually growing customer pool for the retail center.
High Retail Sales Per Capita: The city's total retail sales of $4.79 billion in 2022, and retail sales per capita of $28,255, underscore a healthy and active consumer market.
Institutional Validation & Proven Retail Corridor:
Pines Blvd: A Magnet for Major Players: Pines Blvd is not merely a high-traffic road; it's a critical commercial artery and a proven retail corridor that consistently attracts significant investment. The presence of institutional investors who own other prominent retail centers along Pines Blvd in Pembroke Pines underscores the market's stability, long-term growth potential, and strategic importance. These large players conduct extensive due diligence and their ownership in the corridor validates the market's strength and desirability for retail investment. Examples of institutional presence include properties managed by firms like Regency Centers and those involved with entities like Brookfield Property Partners (though Pembroke Lakes Mall recently faced specific challenges, its large-scale institutional ownership highlights the corridor's appeal to major investors).
Synergy with National Retailers: College Plaza benefits directly from co-tenancy with nearby national retailers, leveraging their established customer bases and drawing power. This creates a "destination" effect, where multiple strong brands collectively attract a larger volume of shoppers to the immediate area.
Low Vacancy, High Demand: The Broward County retail market consistently maintains low vacancy rates (around 3%), indicating strong tenant demand and limited competitive supply, which is highly favorable for landlords and drives continued rent growth.
Conclusion for Investors:
College Plaza presents an extraordinary investment opportunity that transcends a typical income-producing asset. It is a strategically undervalued retail center situated in the heart of a vibrant, growing, and affluent South Florida market. The confluence of its substantial below-market rents, the immediate and ongoing demand from a massive college population, and its anchoring within a validated institutional retail corridor on Pines Blvd, offers a compelling narrative for significant immediate NOI growth and long-term capital appreciation. This acquisition allows an investor to capitalize on a clear value-add play, repositioning an underperforming asset to achieve market-leading returns in a robust and resilient retail environment.