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9700 Pines Blvd
Pembroke Pines, FL 33024
Starbucks · Retail Property For Sale
PROPERTY FACTS
ABOUT 9700 PINES BLVD , PEMBROKE PINES, FL 33024
Marcus & Millichap is pleased to present Starbucks, located at 9700 Pines Blvd. in Pembroke Pines, FL. This location has operated as a Starbucks location for 11 years. Demonstrating their strong commitment to the site, Starbucks recently signed a lease amendment with a ten year term and four five-year options. This is a rare opportunity to invest in a Starbucks backed asset on a true NNN lease with no landlord responsibilities. This landlord friendly lease calls for regular rent bumps providing a good hedge against inflation. Pembroke Pines is a suburb of Fort Lauderdale, which is located in the major metropolitan market of South Florida. Pines Boulevard is the major east/west artery in Pembroke Pines and has an average daily traffic count of 52,000. Starbucks is well-positioned in a dense retail corridor, benefiting from its proximity to local malls and major shopping centers.
PROPERTY TAXES
| Parcel Number | 51-41-17-17-0050 | Improvements Assessment | $1,177,910 |
| Land Assessment | $341,330 | Total Assessment | $1,519,240 |
PROPERTY TAXES
