STL Commercial is pleased to present the opportunity to acquire The Spring Tree Center, a ± 33,826 SF Class A retail property located at 8053 W. Oakland Park Blvd in Sunrise, FL. The property sits on 3.5 acres of land strategically located in the heart of Sunrise.
This high-quality shopping destination is anchored by national tenants including Walgreens and Wild Fork, providing long-term stability and strong consumer draw. The property is comprised of two buildings: one developed as a build-to-suit Walgreens and the other featuring a diverse mix of national and local tenants with flexible suite configurations.
The property is currently 93% leased with all tenants operating under NNN lease structures, effectively passing through all expense obligations and resulting in minimal landlord responsibilities. This ensures stable and predictable cash flow while also presenting immediate upside potential through strategic lease restructuring and rent optimization initiatives aimed at enhancing overall net operating income.
Ideally situated at the signalized intersection of Oakland Park Boulevard and University Drive, The Spring Tree Center benefits from exceptional visibility, heavy daily traffic, and convenient ingress/egress. The site offers ample surface parking and efficient circulation, creating an accessible and inviting environment for both tenants and customers.

Site Summary
Type: Retail
Asking Price: $13,300,000
In-Place Cap Rate: 6.22%
In-Place NOI: $827,866
Total Building SF: 33,826 SF
Total Land SF: 151,123 SF
Zoning: B-2 Community Business District

Highlights

• Strong anchor tenants
• Walgreens built in 2019
• NNN Leases
• Excellent property visibility
• 3.5 acres of land

Contact Max Loria and David Richman for more information.
Max Loria: (561) 901-1402 Max@stl-advisors.com
David Richman: (847) 772-7159 David@stl-advisors.com