425 S State Road 7
Hollywood, FL 33023
Tropicana Plaza - NNN Ground Lease · For Lease

* * * * F.S.B.O. - BROKER PARTICIPATION WELCOMED ! ! ! (5%) * * * * This one acre site is adjacent to the brand new Walmart Super-center plaza in western Hollywood, Florida which is home to a Ross Dress for Less, Discovery Clothing, Outback Steakhouse, Pollo Tropical, Taco Bell, TD bank (immediate neighbor to the North), RaceTrac Gasoline Station, and Goodyear Auto Service Center. There is additional retail in the blocks to the south, and a large strip center across SR-7 featuring many retailers and a Denny’s Restaurant. The volume of consumer traffic arriving daily from all points is astounding. The site is well-suited for an uninterrupted high volume drive-thru line and can accommodate one or two very long lines around the interior of the property’s entire perimeter negating the chance of back-up into highway travel lanes. (Think of McDonald's 2-lane merge model) Our proposed site is located within the newly completed State Road 7 roadway improvement project, which was designed to accommodate steadily increasing traffic and transform Hollywood’s section of SR-7 into a vastly more visually appealing and safer corridor for motorists, pedestrians, and businesses alike. Located at one of Broward County’s busiest crossroads, the intersection of SR-7/US 441 and iconic Hollywood Boulevard, the site is just a quarter mile from Florida’s Turnpike Hollywood Boulevard Exit (#49). LEGAL DESCRIPTION: Northern Parcel: 13-51-41 S 114 OF N 314 OF W 225 OF NW1/4 OF SW1/4 OF SE1/4,LESS PARCEL 169 FOR RD R/W Southern Parcel: J B'S FOLLY PLAT 106-48 B PARCEL A CURB CUTS: There are two brand new driveway connections to 441. One is at the extreme North end of the property, and the other is roughly 40’ north of the Southern end of the property. 2017 REAL ESTATE TAX TOTAL: $31,632.51 Parcel with 8959 SF building – 2017 combined taxes and assessments: $27,723.23. Parcel without building – 2017 combined taxes and assessments: $3,909.28. <br><br> EXISTING BUILDING & TENANTS: The existing building can be completely vacated in 30 – 60 days. Preliminary development could commence during tenant phase-out. The property consists of two co-located parcels totaling 43,540 SF. The 18,828 SF North parcel is raw land. The 24,712 SF South parcel consists of an L-shaped CBS/stucco building and asphalt parking lot. L-shaped building is reaching end of service life, and should be demolished or retro-fitted with new roof, electrical, plumbing, storefront glass, and parking lot surface and curbing. Approximate dimensions of combined lots: 265’ Wide (road frontage) x 165’ Deep.