Luma Plaza

1747 N FEDERAL HWY, FORT LAUDERDALE, FL 33305
$4,500,000

Cap Rate
5.36%
Price Per SF
$625
Units
3
Gross SQFT
7,200
Occupancy
100%
NOI
$241,284
Property Type
Retail

Matthews Real Estate Investment Services™ is proud to present Luma Plaza, a premier retail investment opportunity hitting the market for the first time since 1998. This high-traffic, three-tenant strip center is strategically anchored by Sherwin-Williams, Honey Baked Ham, and Stoner’s Pizza, each contributing to the property’s long-term stability and strong consumer draw.

Strategically located in the Poinsettia Heights neighborhood of Fort Lauderdale, Luma Plaza boasts prime frontage on North Federal Highway, a major thoroughfare that sees over ±54,000 vehicles per day. With high visibility, strong tenant performance, and national brand anchors, this premier retail asset presents a rare investment opportunity in one of Fort Lauderdale’s most sought-after commercial corridors. The property’s long-term occupancy history and prime location along the city’s main artery make it an ideal acquisition for investors seeking a stable and high-performing retail asset.

INVESTMENT HIGHLIGHTS

HIGH-TRAFFIC LOCATION

  • Positioned along North Federal Highway, one of Fort Lauderdale’s busiest thoroughfares, the property benefits from exceptional visibility with over 54,500 vehicles per day.

TENANT STABILITY

  • Honey Baked Ham has been at the plaza since delivery in 1987 and has 507 stores nationally, Sherwin Williams is currently in its first renewal period, the retailer has been a tenant since 2018.

STRONG TENANCY

  • Anchored by Sherwin-Williams, an investment-grade tenant with a BBB rating from S&P, alongside Honey Baked Ham, a nationally recognized brand, and Stoner’s Pizza, a rapidly growing franchise with 55 locations.

PREMIER RETAIL CORRIDOR

  • Strategically located in the main retail corridor of Fort Lauderdale, offering investors a prime position in a thriving commercial hub.

SURROUNDED BY MAJOR RETAILERS

  • The property is positioned in a high-demand retail trade area, neighboring premier national retailers, including Publix, Chipotle, Just Salad, Bolay, Chase Bank, Trader Joe’s, Best Buy, Dick’s Sporting Goods, Lululemon, and Whole Foods.

AFFLUENT CONSUMER BASE

  • Within a 1-mile radius, the area boasts an average household income of $132,559 ensuring strong consumer spending power.

FIRST TIME TO MARKET

  • Luma Plaza is on the market for sale for the first time in over 25 years.

Broker of Record

  • Kyle Matthews
  • License No. CQ1066435 (FL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
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