2871 N Federal Highway

For Sale 2871 N Federal Highway Fort Lauderdale, FL 33306

Property Highlights:

–  10-year, true NNN lease with four 5-year options and a full Lowe's Companies, Inc. Guarantee
–  15% increases every 5 years, including the initial term and each option period
–  100% occupied by Orchard Supply Hardware, which is known as the "Whole Foods of Hardware"
–  Located along the high traffic Federal Highway retail corridor, within close proximity of Target, Publix, HomeGoods, TJ Maxx, Whole Foods, Best Buy, and Bed Bath and Beyond
–  Newly renovated 2-story building
–  Situated in an affluent, highly educated neighborhood with an average household income of $119,385 within 1 mile
–  Premier visibility building and monument signage
–  Building underwent beautiful aesthetic enhancements and renovations in 2016, prior to Orchard Supply Hardware taking occupancy
–  Property features two-story showroom, office space and ample warehouse space
–  Vertical transportation includes stairs, passenger and loading elevators

Property Details

Type
Retail
Phase
Completed
Submarket
Fort Lauderdale
Tenancy
Single-tenant
Acres
1.00
Leasable Sq. Ft.
45,000