Former Tier-1 Grocery Anchor 7841-7899 Pines Blvd 98,253 SF 100% Leased Retail Building Pembroke Pines, FL 33024 $24,999,999 ($254.45/SF) 4.63% Cap Rate

INVESTMENT SUMMARY: 8.86-ACRE INSTITUTIONAL COVERED LAND PLAY
7841 PINES BLVD, PEMBROKE PINES, FL 33024
This offering represents a premier 8.86-acre redevelopment site engineered for a high-alpha transition. Currently a 96,152 SF retail center, the property is positioned for a high-density, mixed-use conversion that erases the legacy "retail box" and replaces it with a modern residential and medical campus.
REDEVELOPMENT DRIVERS: THE DEMOGRAPHIC FORCE MULTIPLIER
Unrivaled Visibility: 110,000 Vehicles Per Day at the signalized University Blvd intersection.
Academic Anchor: Directly adjacent to Broward College, serving 65,000+ students and faculty.
Institutional Surroundings: Surrounded by Target, Costco, Walmart, and Publix, validating the site's long-term commercial viability.
Consumer Wealth: Average Household Income within 5 miles exceeds $100,600.
I. THE CORE VALUE PROPOSITION: LAND BASIS & GEOMETRY
Acquisition Efficiency: At a $25,000,000 strike price, the land is acquired at approximately $64/SF, providing an entry point significantly below the replacement cost for prime, signalized acreage in South Florida.
Development Scale: The 8.86-acre footprint is capable of supporting a 350-unit mid-rise development while maintaining profitable commercial frontage.
Strategic L-Shape: The unique site geometry allows for the frontage to serve as an acoustic shield, creating a private, high-density residential interior suited for medical professionals and academic faculty.
II. DEMOGRAPHIC & EDUCATIONAL GRAVITY
Academic Anchor: Directly adjacent to Broward College, which serves a massive community of 65,000 students and faculty, providing a permanent and replenishing demand driver for the site.
Population Density: The trade area supports 191,853 residents within a 3-mile radius, providing the critical mass required for high-density success.
Affluence: Average Household Incomes within 5 miles exceed $100,600, signaling a consumer base with significant discretionary spending power.
VPD Dominance: The site enjoys unrivaled visibility at a signalized intersection with a combined traffic count of 110,000 Vehicles Per Day (VPD).
III. THE BENCHMARK: INSTITUTIONAL VALIDATION
The Proving Ground: The Pines Blvd corridor is heavily validated by institutional "optimizers" including Terra Group (Pines City Center), Regency Centers, and Brookfield.
Grocery & Daily Needs Validation: The immediate presence of national brands such as Target, Costco, Walmart, Best Buy, Publix, and Aldi confirms the trade area’s high-volume demand.
Medical Proximity: Located just east of Memorial Hospital Pembroke, making this the ideal location for a "Medical Sanctuary" housing niche for healthcare professionals.

IV. THE REPOSITIONING THESIS
By transitioning this 1974-built retail into a modern residential-led mixed-use project, a developer erases the retail commodity risk and captures a significant revenue lift.
Target Niche: Medical staff, traveling nurses, and Broward College faculty who prioritize proximity and a sound-shielded environment.
Exit Strategy: A stabilized, high-density asset in this corridor is a primary target for institutional REITs and pension funds looking for defensive, recession-proof South Florida real estate.
TRANSACTION TERMS
Asking Price: $25,000,000
Total Acreage: 8.86 Acres
Zoning: Commercial
Buyer Paid Commission