3600 N University Dr
Hollywood, FL 33024
Monterra Commons · Retail Property For Sale

?Rare opportunity to purchase a newly constructed multi-tenant retail strip center, that is only 57% occupied, in one of the fastest growing areas of Broward County in one of the strongest rent corridors.
?Part of The Shoppes at Monterra Commons, a 5.3 acre retail development, consisting of five (5) Retail properties, all professionally managed for a hands of investment.
?Un-anchored Strip Center, occupied with essential service retail - including a a Cali Coffee Drive-thru, other major national tenants such as ISI Elite Training, Gyromania, and local tenants including Svaada, Pines Aesthetic Center, ISP Fitness, and Oaxxa Playa Bowls.
?The property offers tremendous upside, with 7,919 SF of vacant retail space ready to lease.
?Neighboring the Residences at Monterra Commons, a newly built, luxury 55+ community consisting of 175 units.
?Access and Signage off of University Blvd, which is part of a strong Retail Corridor including Target, Chick-fil-a, Home Depot, & Aldi Neighboring national tenants within the development include First Watch Restaurant, Culver's Restaurant, and The Learning Experience.
?The site has excellent exposure and frontage on N University Drive – totaling traffic counts exceeding 44,000 vehicles per day
?Strong demographics – estimated average household income of $99,749 and the average house value is $409,078 all within a 1-mile radius of the subject property