Property Description
CALL FOR OFFERS – ALL BIDS DUE WEDNESDAY NOVEMBER 11TH BY 5PM.
Vision Real Estate Advisors, as exclusive advisor, is pleased to present the opportunity to acquire Township Plaza, a premiere 60,940 square foot multi-tenant retail and medical service center situated on 8.24 acres in the heart of Coconut Creek, Florida. Positioned directly along West Sample Road with 59,000 vehicles per day and Lyons Road with 43,500 vehicles per day, the property represents an institutional-quality asset positioned to capture the immense tailwinds of North Broward’s most active submarket expansion.
Township Plaza serves as the primary commercial gateway for The Township, a massive master-planned neighborhood comprising 5,307 residential units and over 12,000 residents across 36 sub-associations. Representing roughly 20% of Coconut Creek’s total population, this captive community sits directly adjacent to the center, fueling uninterrupted, daily-needs retail traffic and steady customer demand for the plaza’s service and healthcare tenants.
Township Plaza features an internet-resistant, defensive tenant mix spanning daily-needs retail, healthcare, and professional services. The center is anchored by an active IWG / Regus flexible workspace location taking 10,942 square feet, alongside IMC Realty, State Farm, Invictus Clinical Research, and a strong roster of medical practitioners. With an in-place occupancy of 88.93%, the property delivers immediate cash flow stability while offering compelling value-add upside through mark-to-market lease renewals and the lease-up of remaining vacant suites.
Investors will benefit from predictable Net Operating Income expansion driven by built-in annual rent escalations across existing leases and below-market in-place rents. The center offers exceptional physical functionality, featuring three separate ingress/egress points that allow seamless access from all directions of traffic on Sample and Lyons Roads. Coupled with an outstanding parking ratio of 5.54 per 1,000 square feet (367 total spaces) on a spacious 8.24-acre footprint, the site easily accommodates high-volume customer flow. Further enhancing accessibility, the City of Coconut Creek is currently completing a municipal sidewalk expansion along West Sample Road, delivering improved pedestrian connectivity directly to the storefronts.
Crucially, Township Plaza is located less than a mile south of Mainstreet Coconut Creek, a massive $750M+, 200-acre master-planned downtown development currently rising along Lyons Road. Spearheaded by a joint venture including Rosemurgy Properties, Schmier Property Group, Giles Capital Group, and 13th Floor Homes, this transformative live-work-play epicenter introduces over 1,650 new residential units, a Whole Foods Market grocery anchor, 90,000 square feet of lifestyle retail, and over 40 acres of parks and greenways. Positioned directly in the flow of traffic connecting Mainstreet Coconut Creek, the Seminole Casino Coconut Creek, and The Promenade at Coconut Creek, Township Plaza stands primed for aggressive rent growth and long-term capital appreciation as submarket vacancy continues to compress.
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