Medical Park Plaza 2401-2403 N State Road 7

SVN Commercial Partners, as exclusive advisor, proudly presents for sale, Medical Park Plaza (the "Property"), a newly constructed +/-6,500 square foot multi-tenant plaza in Margate, Florida (Fort Lauderdale Metropolitan MSA). Medical Park Plaza is strategically positioned adjacent to HCA Northwest Medical, a 289-bed hospital along North State Road 7.
Medical Park Plaza features two rentable units. The northern unit spans +/-4,000 square feet, reflecting approximately 60% of the Property's total rentable space. The unit is currently occupied by Suburban Propane, one of the largest propane providers in the country. Suburban Propane’s lease features a 30-day landlord termination option, presenting an excellent opportunity for an owner-user and making the Property eligible for SBA Financing.
The southern unit, currently occupied by Anne Marie's Pizza Co, is +/-2,500 square feet and showcases a spacious dining area, a large covered outdoor patio and ultra-modern decor elevating the aesthetic appeal of the Property. Anne Marie’s Pizza Co. has established a strong presence since 2016, operating multiple locations across South Florida. While Anne Marie's has (2) 5-year renewal options, the landlord has the ability to terminate Anne Marie's at their sole discretion by providing a 4-month notice prior to the expiration of the base term.
The Property's liberal TOC-C (Transit Oriented Corridor) zoning permits a wide range of tenant uses including retail, residential, medical, residential and rare uses such as vehicle dealerships and landscaping nurseries making this an ideal opportunity for for a user who can leverage the Property's large parking field and close proximity to a prominent hospital.
Situated on an expansive +/-1.31-acre lot, Medical Park Plaza offers ample parking space with 51 spots, ideal for tenants requiring extensive parking such as medical facilities or businesses with large fleets. With 265 feet of frontage along North State Road 7 (US-441), Medical Park Plaza exudes a sense of pride of ownership, offering excellent curb appeal. The Property benefits from high visibility and traffic exposure, boasting an average daily traffic count exceeding 52,000 vehicles directly in front of the Property. The Property also features a monument sign which enhances visibility and exposure for the Property and it's tenants.
Serving a population of 156,000 within a 3-mile radius, Medical Park Plaza caters to several surrounding suburban neighborhoods, including Coral Springs, Coconut Creek, Pompano Beach, and Margate. Its proximity to the Seminole Casino of Coconut Creek and The Promenade of Coconut Creek, along with neighboring retail centers like Towne Shoppes of Margate, drives significant traffic to the area.
Surrounded by national retailers and automotive dealerships, Medical Park Plaza benefits from its strategic location near Best Buy, Burlington, Walmart, Wawa, Culver's, KFC, Taco Bell, Burger King and other prominent establishments. This prime Property offers unparalleled potential a user seeking to expand or establish a location for their business in a thriving market.