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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