August 8, 2023 – Corey Kingsbury and Charles Moody of Horvath & Tremblay have successfully completed the sale of Victoria Station Plaza in Lehigh Acres, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,100,000.
Victoria Station Plaza is located at 1305 Homestead Road N in Lehigh Acres, Florida. The plaza was constructed in 1986 and contains 7,300 square feet of gross leasable area on a 0.67-acre parcel. The Property is 100% leased to a complimentary mix of local tenants that serve the needs of the area residents. All four of the tenant’s leases feature attractive annual rent increases throughout their primary lease terms and renewal options providing the investor with an attractive increase in revenue and hedge against inflation. The highly visible Property is strategically located along Homestead Road N, one of the area’s primary commercial corridors. The Property enjoys excellent visibility and frontage and benefits from prominent signage and traffic counts in excess of 26,500 vehicles per day. Homestead Road is home to numerous national and local retailers driving traffic to the area and is surrounded by high-density residential neighborhoods, providing an instant customer base for the tenants in the plaza. The Property is 0.5-miles from Lee Boulevard and 4.5-miles from FL Route 82, the area’s primary east west roadway. Lehigh Acres is located in Lee County, approximately 12 miles east of Fort Myers. Lee County has seen unprecedented population growth, increasing by more than 8.1% since 2020, and has a current population of 822,453, making it the eighth-most populous county in the state. The county comprises the Cape Coral–Fort Myers, FL Metropolitan Statistical 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.