November 12, 2021 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of Concord Square in Stuart, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,400,000.
Concord Square is located at 5118-5162 Southeast Federal Highway in Stuart, Florida. The multi-tenant retail center contains 14,632 square feet of gross leasable area and is currently 100% leased to 6 tenants, and anchored by Pinch-A-Penny, America’s largest franchised retail pool supply and services company. Concord Square sits on a 1.27-acre lot, with over 200 feet of frontage on the well-trafficked US Highway 1. The property boasts excellent visibility with two points of access. Notable retailers drawing consumers and driving traffic to the immediate area around the Property include Winn-Dixie, TD Bank, CVS, BB&T Bank, Wells Fargo, Mobil, 7-Eleven, Tire Kingdom, Napa Auto Parts, Extra Space Storage, And Harley-Davidson. Over 43,000 people live within 3 miles of the property, with an average household income of $82,088.
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.