May 16, 2024 – Bob Horvath, Todd Tremblay, Charles Moody, and Michael Talbert of Horvath & Tremblay have successfully completed the sale of the Minato Japanese Buffet in Pembroke Pines, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4,500,000.
Minato Japanese Buffet is located at 9045 Pines Boulevard in Pembroke Pines, Florida (the “Property”). Minato Japanese Buffet occupies a 10,201 square foot building on a 2.19-acre parcel of land. Minato Japanese Buffet signed a new lease in 2021 and has 8+ years remaining on their primary lease term followed by two (2), 5-year renewal options, with attractive 3.0% annual rent increases throughout the primary term and both renewal options providing a steady increase in income and an attractive hedge against inflation. The Property is extremely well located along Pines Boulevard (FL Route 820), the area’s primary commercial and commuter corridor in a densely populated area with excellent traffic counts. Minato sits alongside Walgreen’s, Donna’s Caribbean, CareSpot Urgent Care and O’Reilly’s Auto Parts. The 2.19-acre site offers ample parking and convenient access with several points of entry from Pines Boulevard, NW 89th Avenue and NW 2nd Street. The immediate area is home to countless retailers including Walmart, Target, and Publix, drawing consumers to the area. The Property is 1.25-miles from University Drive, 2.5-miles from the Pembroke Lakes Mall and Memorial Hospital West, and 3.5-miles from the Florida Turnpike.
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.