April 15, 2022 – Charles Moody of Horvath & Tremblay has successfully completed the sale of TD Bank in Fort Lauderdale, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $8,500,000.
TD Bank is located at 1701 E Sunrise Boulevard in Fort Lauderdale, Florida. The Property was constructed for TD Bank in 2010 and they have 14 years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease features 10% rent increases every five years throughout the base term. Each of the renewal options will be set to Fair Market Rent. The Property is exceptionally well located at the intersection of E Sunrise Boulevard (FL Route 838) and NE 17th Terrace. The Property is 1,000 feet from the signalized intersection of E Sunrise Boulevard and Federal Highway (US Route 1), Fort Lauderdale’s two primary commercial corridors. Sunrise Boulevard has traffic counts in excess of 49,000 vehicles per day. The Property is approximately 1.75-miles west of A1A and the Fort Lauderdale Beaches and 2-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.