Broadway & Florence Shopping Center 7201 Broadway

Investment Highlights

L -shaped strip center on a signalized hard corner Priced at $351 Per SF - well below replacement cost Over 66,000 cars per day on the intersection Extremely low price point for the product type Only 58% Occupied - presenting an opportunity to add new tenants & increase income Highly dense infill area with a population of over 69,000 within a 1 mile radius, and over 1MM within a 5 mile radius

Executive Summary

This L-shaped strip center is strategically positioned on a signalized hard corner at one of the city's busiest intersections - thesouth west corner of Broadway and Florence Ave. With traffic counts exceeding 66,000 cars per day at this intersection, thecenter and its tenants benefit from exceptional visibility and easy access.In addition to the massive traffic counts, the center is situated in a highly dense infill area with a population of over 69,000 within a 1 mile radius of the property, and over 1MM within a 5 mile radius. This is a highly visible, well located center which caters to the local community.The center totals 6,245 square foot, features 6-units, and a diverse mix of tenants which include food tenants, beauty services and a mini market. The uses cater to the community and are internet and recession proof. All tenant have NNN leases with annual increases. Other area tenants include Jack In-The-Box, Winchell's Donut, Burger King, McDonald's & Pizza Hut.The center is 58% occupied. There are 2 vacant units, one of which a highly visible end-cap space. These vacancies offer great flexibility for either an owner-user or an investor seeking a value-add opportunity. The vacant units are adjacent and can be leased individually or combined into one larger space.This presents a rare opportunity to acquire a well-located, low-priced L-shaped center in a densely populated area

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Storefront General Retail Storefront Retail/Office Freestanding
• Building Size    6,245
• Building Class    C
• Year Built/Renovated    1930/2002
• Price    2,195,000
• Price Per SF    351
• Percent Leased    58
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.62
• Land Acres    0.23 AC

• Corner Lot
• Signage
• Signalized Intersection
• Air Conditioning