Orchard Supply Hardware

2871 North Federal Highway, Fort Lauderdale, FL
$16,597,058 · 5.10% CAP · 15 Yr. Lease · Single Tenant Net Lease
Available

Location

2871 North Federal Highway, Fort Lauderdale, FL

Price: $16,597,058
CAP Rate: 5.10%*
Guarantee: Lowe's Companies Inc.
Square-Footage: 46,000
Initial Term: 10 YEARS
Annual Rent: $846,450*
Options: Four, 5 Yearn
Increases: 15% Every Five Years and at Options

*Average over initial term

The subject offering is a fee simple interest in an absolute NNN leased Orchard Supply Hardware a wholly owned subsidiary of Lowe’s Companies Inc. The 10 year absolute net lease calls for zero landlord obligations. The tenant has four 5 year options to renew. There are also 15% increases every 5 years, including in the Initial Term. The subject property is a trophy Fort Lauderdale location along Federal Highway. The property benefits from nearby retailers which include Target, Publix, TJ Maxx, and Bed Bath & Beyond.

Fort Lauderdale is a city in the U.S. state of Florida, 28 miles (45 km) north of Miami. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521. It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.

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Presented By

Jacob Abusharkh

Managing Principal

415.269.2474
925.406.0813
BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..