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For Auction

Village Shoppes | O'Reilly Super Hub Anchor Through 2032

7900-7966 Pines Boulevard,
Pembroke Pines, FL 33024
Represented by
The Shopping Center Group

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Community Center
Retail Subtype
10.30 Acres
Land Area
95.2%
Occupancy
Yes
Anchor
O’Reilly Auto Parts, Hooters (OP)
Anchor Tenant(s)
88,439 SF
Property Size

Investment Highlights

O'Reilly Super Hub Anchor Through 2032
O'Reilly anchors 37% of GLA through 2032, operating a retail store with same-day inventory supply.
High-Traffic Signalized Infill Corner
Pines Boulevard (60,500 AADT) meets University Drive (55,000 AADT) at this signalized corner.
Embedded NOI Growth From Rent Roll-Up
In-place rents of $17.50 PSF trail market's $25-$43 PSF, driving 72% NOI growth by Year 9.
Fixed, Below-Market Ground Rent to 2036
Rent is locked at $234,704 per year ($2.74 PSF) through September 2031, then steps modestly.
High-Volume Hooters Outparcel Income
This location ranks in the 93rd percentile nationally for the chain, and pays percentage rent.
Diverse, eCommerce-Resistant Tenant Base
No non-anchor tenant tops 7% of GLA across restaurants, services, and USPS government space.

Offering Summary

Brokered by TSCG and powered by RealINSIGHT Marketplace, Village Shoppes is an 88,439 SF retail center offered as a ground leasehold interest at the signalized corner of Pines Boulevard and S. University Drive in Pembroke Pines, Florida. The center is anchored by O'Reilly Auto Parts' 33,018 SF Super Hub store (37% of GLA), which also supplies same-day inventory to surrounding stores, and includes two income-producing outparcels, Hooters and Metro PCS/FixExpress.com. The remaining shop space is leased to a granular mix of restaurants, personal services, and government tenants, with no non-anchor tenant occupying more than 7% of GLA, insulating the roster from e-commerce disruption. The property is 95.2% occupied, and in-place rents averaging $17.50 PSF sit well below market rents of $25 to $43 PSF across unit types, creating embedded upside as leases turn or step to market. The asset sits on a ground lease with Broward County at a fixed, below-market rent of $234,704 per year, a locked-in low occupancy cost basis relative to the property's income. Village Shoppes serves a dense, affluent trade area with 185,000 residents and $95,357 average household income within a ten-minute drive, in one of Broward County's most supply-constrained retail submarkets.

Due Diligence

Location

Village Shoppes sits at the signalized corner of Pines Boulevard and S. University Drive in Pembroke Pines, adjacent to North Perry Airport. Nearby demand generators include Pembroke Lakes Mall, Pembroke Gardens' 400,000 SF lifestyle center, and Publix-anchored Pembroke Commons, with Fort Lauderdale-Hollywood International Airport 14 miles away and Hollywood Beach 9 miles southeast.

185,000
Residents within a 10-minute drive
115,500
Daily VPD on Pines Blvd & University Dr
$95,357
Avg household income, 10-min drive

Transaction Managers

Cooperating Broker Fee

Eligible brokers may receive a fee when representing the winning bidder.

2.00% co-op fee available

Learn more in the FAQs

Platform Fee

Buyer pays platform fee at closing.

5% or $25,000 minimum

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: AU93
Fisher Auction Co: AB106

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Auction Opens In
26d 23h 51m 55s
$2,000,000
Starting Bid
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Bidding Opens
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Investment Sales Brokers

Anthony Blanco
The Shopping Center Group
FL License: BK659640
Spencer Kinsella
The Shopping Center Group
Mallory Silva
The Shopping Center Group

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.