Pembroke Pines, Florida, is an attractive destination for investors seeking to capitalize on the city's growing retail market. With a diverse range of retail properties available, including shopping centers, restaurants, and office spaces, Pembroke Pines offers a unique opportunity to tap into the local economy. Retail properties in Pembroke Pines can represent a variety of investments, from small strip centers to large shopping malls, each with its own potential for growth and returns. The city's strategic location, with easy access to major highways and transportation hubs, makes it an ideal spot for businesses looking to reach a wide customer base. Additionally, Pembroke Pines is home to a range of amenities, including C.B. Smith Park, the Hollywood Sportatorium, and the Miami-Hollywood Motorsports Park, which attract visitors and support local businesses. The city's strong educational institutions, such as Broward College and Florida International University, also contribute to a skilled workforce and a growing population of over 170,000 residents. With its unique blend of suburban charm and urban convenience, Pembroke Pines is an attractive place to live, work, and invest.
With 18 retail properties for sale in Pembroke Pines, investors have a wide range of options to choose from. The city's retail market is supported by a strong economy, with major employers like Memorial Healthcare System, Walmart, and Broward College driving growth and development. In addition to retail properties, Pembroke Pines is also home to a range of other property types, including shopping centers, restaurants, office properties, and hotels. The city's shopping centers, such as Pembroke Lakes Mall, offer a convenient and accessible shopping experience for residents and visitors alike. Restaurants in Pembroke Pines, like those found along University Drive, provide a diverse range of dining options for the local community. Office properties in the city, such as those found near Interstate 75, offer a convenient and accessible location for businesses. Meanwhile, hotels in Pembroke Pines, like those found near the Florida Turnpike, provide a comfortable and convenient place for visitors to stay. Overall, Pembroke Pines offers a unique and attractive investment opportunity for those looking to tap into the city's growing retail market.
What is the average cap rate for retail properties in Pembroke Pines?
When it comes to investing in retail properties in Pembroke Pines, understanding the average cap rate is crucial. According to current market data, the average cap rate for retail properties in Pembroke Pines is 6.4%, which can provide investors with a sense of the potential return on investment - for a more in-depth explanation of this concept, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Pembroke Pines, a city with a population of around 170,000, location and foot traffic play a significant role in determining retail property values. Properties situated near major transportation hubs, such as Interstate 75 and Florida's Turnpike, and in areas with high foot traffic, like the Pembroke Lakes Mall, tend to have higher values due to their accessibility and visibility.
