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Retail

Plantation Crossing

Plantation, FL

70,369 SqFt

Built in 1999

Core

Investment Highlights

  • Rare, high-performing South Florida grocery anchored shopping center located near the Sawgrass Mills Mall in Plantation, Florida
  • Anchored by ALDI, who recently executed an early lease renewal, demonstrating their success at this location
  • Immediate area has no big box or junior box space vacancies and virtually no small shop vacancy
  • Recently executed lease with My Salon Suite, a brand operating more than 200 locations nationally and catering primarily to female customers aged 18 to 49
  • My Salon Suite will pay for more than 70% of their extensive $1.2 million buildout, demonstrating their commitment to this location
  • New tenant Fitness System fills a void of fitness tenants in the area; lease was as-is with no landlord TI allowance and below market rent
  • Aggressive rent increases contribute to 3% compound average growth rate of NOI

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