December 7, 2022 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of La Granja in Lakeland, Florida. Horvath & Tremblay exclusively represented the buyer to complete this transaction at a sale price of $2,349,723.
La Granja is located at 3919 South Florida Avenue in Lakeland, Florida. La Granja occupies a single tenant building that is comprised of 2,372 square feet and is situated on a 0.63-acre corner parcel of land. La Granja has a new fifteen (15) year double net lease with three (3), 3-year renewal options. The lease features attractive 10% rent increases every 5-years throughout the primary lease term and at the beginning of each option period. The Property is situated at the signalized intersection of South Florida Avenue and Terrace Way. La Granja shares the four way intersection with Wendy’s, Steak ‘n Shake and H-Tea-O and is 0.5-miles from the Merchants Walk shopping center and a Walmart Supercenter. South Florida Avenue boasts an extensive retail corridor with numerous national tenants and prominent shopping centers driving traffic to the area. More than 41,400 vehicles per day pass by the Property on South Florida Avenue. Additionally, the area is surrounded by dense residential neighborhoods, providing a strong consumer base. The Property is located one block south of Polk Parkway.
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.