December 10, 2021 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Sherwin Williams in Fort Lauderdale, Florida. Horvath & Tremblay exclusively represented the Buyer to complete the transaction at a sale price of $5,100,000.
Sherwin Williams is located at 1051 NE 4th Avenue in Fort Lauderdale, Florida. The stand-alone building was constructed in 2021 and consists of 7,500 square feet and sits on a 1.11-acre lot. Sherwin Williams has 9+ years remaining on a double net (NN) lease with eight (8), 5-year renewal options. The corporate lease calls for attractive rent increases every five years throughout the base term and at the start of each of the eight (8) renewal options. The Property is exceptionally well located adjacent to the intersection of E Sunrise Boulevard (FL Route 838) and NE 4th Avenue. The Property is 0.3-miles from the signalized intersection of E Sunrise Boulevard and Federal Highway (US Route 1), Fort Lauderdale’s two primary commercial corridors. The Property is approximately 2.5-miles west of A1A and the Fort Lauderdale Beaches and 1.6-miles north of Fort Lauderdale’s Central Business District. The area is home to the Galleria Mall, one of South Florida’s premier shopping destinations, national retailers and restaurants that drive traffic to the immediate area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.