September 22, 2023 – Jarett Zachman and Michael Talbert of Horvath & Tremblay have successfully completed the sale of Furniture 2 Go in North Miami Beach, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,800,000.
Furniture 2 Go is located at 1050 N Miami Beach Boulevard in North Miami Beach, Florida. The free-standing single tenant Furniture 2 Go consists of a 4,423 square foot building on a 0.24-acre parcel. Furniture 2 Go has been at this location for more than five years and just executed a new five-year lease with one (1), five-year renewal option. The lease calls for attractive annual increases in rent throughout the base term and the renewal option. The Property is extremely well located along N Miami Beach Boulevard (SR 826), the area’s primary commercial corridor. Furniture 2 Go is adjacent to the signalized intersection of NE 10th Avenue and N Miami Beach Boulevard (SR 826) and enjoys outstanding visibility along the heavily travelled roadway. SR 826 connects the Property with Interstate 95 (1.8-miles to the west), US Route 1 (1.8-miles to the east) and A1A (4-miles to the east), south Florida’s three primary north south corridors. The Property is surrounded by densely populated residential neighborhoods providing a built-in customer base, and national and local retailers that drive traffic to the area. Located midway between Miami and Ft. Lauderdale and adjacent to the Golden Glades Interchange where I-95, Florida’s Turnpike, and the Palmetto Expressway meet, North Miami Beach is truly at the “Crossroads of South Florida”. The central location and easy access has made North Miami Beach one of South Florida’s best known regional shopping areas and one of its most popular sites for businesses and office users.
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.