Verizon Absolute NNN Lease 710 N University Dr
3,698 SF Retail Building Coral Springs, FL 33071 For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Cross access with Atlantic Crossings Center
- Excellent Store Sales
- Nearby Retailer's: Home Depot, Whole Foods Market, Dick's Sporting Goods & Sam's Club
EXECUTIVE SUMMARY
Relocation of a successful unit with over 5 years remaining on the lease.
Lease Type: NNN with no landlord responsibilities.
Tax Benefit: There is no state capital gains tax in Florida.
Location: This unit is situated in a prime area within the top retail corridor of Coral Springs, directly across from Coral Square Mall, which features major retailers such as Macy’s, JC Penney, Old Navy, and Kohl’s, all owned by Simon Properties.
Surrounding Amenities: This unit is an outparcel of a center that includes Whole Foods, Home Depot, and Sam’s Club. Nearby retailers include Dick’s Sporting Goods, Walmart, Publix, TJ Maxx, and Best Buy.
Traffic & Demographics: The average daily traffic (ADT) at the intersection of University Drive is 48,000 vehicles, while Atlantic Boulevard sees 35,000 vehicles. Additionally, there are 48,000 daytime employees within a 3-mile radius.
Lease Type: NNN with no landlord responsibilities.
Tax Benefit: There is no state capital gains tax in Florida.
Location: This unit is situated in a prime area within the top retail corridor of Coral Springs, directly across from Coral Square Mall, which features major retailers such as Macy’s, JC Penney, Old Navy, and Kohl’s, all owned by Simon Properties.
Surrounding Amenities: This unit is an outparcel of a center that includes Whole Foods, Home Depot, and Sam’s Club. Nearby retailers include Dick’s Sporting Goods, Walmart, Publix, TJ Maxx, and Best Buy.
Traffic & Demographics: The average daily traffic (ADT) at the intersection of University Drive is 48,000 vehicles, while Atlantic Boulevard sees 35,000 vehicles. Additionally, there are 48,000 daytime employees within a 3-mile radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,698 SF
Building Class
C
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.92 AC
Zoning
B-3 - B-3 zoning in Florida is a zoning district for general business that allows for a variety of commercial uses.
Parking
27 Spaces (7.3 Spaces per 1,000 SF Leased)
Frontage
74 FT on N University Dr
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-41-28-03-6188 | Improvements Assessment | $813,570 |
| Land Assessment | $803,240 | Total Assessment | $1,616,810 |
