August 21, 2018 – Aaron Huntley and RJ Tuller of Horvath & Tremblay have successfully completed the sale of Zaxby’s in Port St. Lucie, Florida. Horvath & Tremblay represented the 1031 exchange buyer to close the transaction at a sale price of $2,450,000.
Zaxby’s fully occupies a newly constructed, free-standing building located at 3025 SW Port St. Lucie Boulevard. Zaxby’s operates under a new 10-year, triple net lease with zero landlord responsibilities. The lease features rare 2% annual rental increases with two, 5-year renewal options. The property is located on a 0.73 acre outparcel to Walmart Neighborhood Market and is adjacent to Heartland Dental and Duffy’s Sports Grill. The Property benefits from its highly visible location along a main retail corridor with national tenants including Family Dollar, 7-Eleven, McDonald’s, Subway, Planet Fitness and Publix.
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.