Village Plaza 1360 N State Road 7 65,060 SF 100% Leased Retail Building Margate, FL 33063 $13,000,000 ($199.82/SF) 4.33% Cap Rate

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Vision Real Estate Advisors, as exclusive listing agents, is pleased to present for sale Village Plaza, a ±65,060 square foot neighborhood shopping center located at 1360-1454 N State Road 7 in Margate, Florida. Situated on 6.62 acres with over 650 feet of direct frontage, the Property benefits from massive exposure to more than 53,000 vehicles per day. This offering represents a generational value-add opportunity; the asset has been held by the same family for multiple decades, resulting in a low cost basis and significantly under-market rents that have not kept pace with the explosive growth of the South Florida retail landscape.
The Property’s current 79% occupancy is a direct byproduct of long-term absentee ownership rather than market demand. In a submarket where retail vacancy sits below 5.0%, Village Plaza offers an immediate "roll up your sleeves" lease-up play. Current average in-place rents are nearly 35% below market, and with a Weighted Average Lease Term (WALT) of just 1.77 years, an investor has the unique ability to reach this rental upside almost immediately. This short-term WALT provides a clear path to transition the asset from a 4.34% in-place cap rate to a stabilized 8.68% yield by Year 3. Furthermore, the concentration of contiguous spaces expiring in the near term allows a savvy investor to strategically reposition and assemble a large block of square footage to attract a new anchor tenant, a rare opportunity in this high-barrier-to-entry market.
The center is currently anchored by CSL Plasma and Women in Distress, who combined occupy roughly one-third of the GLA. While both have extensive historical tenancy, their larger footprints provide a unique secondary upside: if vacated, these units can be easily demised into smaller, high-demand suites to further maximize rental premiums. The future value of Village Plaza is underpinned by a massive influx of local residential density. The Property is at the epicenter of three major transformative projects: Cocogate (a 287-unit mixed-use development directly south), Legacy at Margate (a 220-unit multifamily project just east), and the Margate City Center (a proposed 50-acre master-planned development). These projects are located within steps of the plaza, ensuring a permanent captive audience and a dramatic increase in daily foot traffic.
With its TOC-C (Transit Oriented Corridor) zoning, ample parking (5.81/1,000 SF), and a functional suite mix, the Property is perfectly positioned for a comprehensive modernizing and re-tenanting strategy. For an investor looking to capitalize on mismanaged potential in a high-growth corridor, Village Plaza represents a rare "home run" opportunity to capture significant alpha through aggressive management and the ongoing urbanization of the Margate trade area.