Drew A. KristolSenior AssociateDrew.Kristol@marcusmillichap.comPh. (786) 522-7065

Kirk D. OlsonAssociate Vice President InvestmentsKirk.Olson@marcusmillichap.comPh. (786) 522-7064

Lori SchneiderSenior Vice President InvestmentsLori.Schneider@marcusmillichap.comPh. (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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