Drew A. KristolSenior [email protected]. (786) 522-7065
Kirk D. OlsonAssociate Vice President [email protected]. (786) 522-7064
Lori SchneiderSenior Vice President [email protected]. (954) 245-3484
PALM AIRE Marketplace Pompano Beach, FL
South Florida Grocery Anchored Investment Opportunity
Marcus & Millichap has been selected to exclusively market for sale Palm Aire Marketplace,
a 140,312 SF shopping center located in Pompano Beach, FL. Originally constructed in
1977 and extensively redeveloped in 1997, this Winn Dixie anchored shopping center is
located in the heart of Pompano Beach at the corner of South Powerline Road and West
Atlantic Boulevard. The center sits on over 18 acres of land, has multiple access points and
excellent visibility. In addition to the prominent corner location and grocery anchor, the
center boasts numerous national tenants including Radio Shack, Dollar Tree, Sally Beauty
Supply, Rent-A-Center and the UPS Store. The offering also includes restaurants and cor-
porate guaranteed net leased outparcels CVS, McDonald’s, Bank of America, JP Morgan
Chase and Ruby Tuesday, making Palm Aire Marketplace the premier shopping center in
the area. In addition to the stabilized strong national tenant mix, Palm Aire Marketplace
offers tremendous upside through the lease-up of vacant space and the opportunity to sell
outparcels separately to maximize value.
Investment Highlights
Current Occupancy 87%
Price Request for Offer Gross Leaseable Area (GLA) 140,312 SF
Number of Tenants 25
Palm Aire Marketplace is ideally located on the southwest corner of West Atlantic Boulevard and South
Powerline Road with an average daily traffic count of 88,000 vehicles. The property is located in the heart
of Pompano Beach with a population of over 100,000 residents. The Winn Dixie anchored center acts as
the primary retail destination for the immediate surrounding residential area, and lies just northeast of
the Palm Aire Country Club, which is home to four outstanding golf courses and a wide range of golf and
banquet facilities. Other area attractions include the Pompano Park horse racing track immediately to the
southeast and Broward College’s North Campus just to the northwest of the center. Palm Aire Marketplace
also serves a significant daytime employment population, creating heavy traffic throughout the day and
night, ideal for a neighborhood shopping center.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a
service mark of Marcus & Millichap Real Estate Investment Services of Florida © 2012 Marcus & Millichap
Prime Location
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NW 62nd St NE 62nd St
SW 3rd St
SW 15th St
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Fort LouderdaleCity Hall
Pompano BeachAirport
Boca RatonAirport
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North PerryAirport
Miami InternationalAirport
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Stormwater Treatment Areas
Holey Land WildlifeManagement Area
East CoastBu�er
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Francis S. TaylorManagement
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