Ares - Burlington - Ft. Lauderdale, FL_Property for Sale
Ares - Burlington - Ft. Lauderdale, FL_Property for Sale

Ares - Burlington - Ft. Lauderdale, FL

2701 North Federal Highway, Fort Lauderdale, FL, 33306, US

Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant Burlington 2701 N Federal Highway Ft. Lauderdale FL (the “Tenant”). Located within a populated area of Fort Lauderdale with a population of 255,000 within a 5-mile radius, the Property is situated adjacent to N Federal Hwy (US-1) with 58,500 vehicles per day. It is within 1 mile of three high-performing shopping centers: River Market, Bal Harbour Square, and Coral Ridge Mall. Burlington Stores, Inc., a Fortune 500 company, operated over 1,100 stores across 46 states. With a market capitalization of $18.5 billion, Burlington demonstrates strong financial health and impressive growth momentum, strategically expanding its retail footprint through new store development across prime commercial markets nationwide.


The property is situated just one mile from three high performing retail centers and just four miles from downtown Fort Lauderdale. Coral Ridge Mall ranks as the 7th most visited shopping mall in Florida out of 44 regional malls (per Placer.ai). Notably, the Property sits between Coral Ridge Mall and River Market Shopping Center, which is home to key retailers such as Target, Publix, Whole Foods, Dick's Sporting Goods, Lululemon, Sephora, and Sweetgreen, hosting 2.2M people annually. The corridor’s high dense of residential and retail provides substantial consumer traffic.

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Attributes

Building area net
3,530 m²
Year built
1997
Asking price
CN¥96,652,000
Cap rate
6.25%
Remaining lease term
9.5 years
Lease type
Absolute Triple Net
NOI
CN¥6,041,000

Media

Investment Highlights


  1. Fortune 500 Company
  2. 1.8 Miles away from a new mixed-use development
  3. $10.6B Annual revenue (FY2024) for Burlington
  4. Oversized 2.82 Acres
  5. 9.5-Yr, Abs. NNN
  6. Zero Landlord Responsibilities
  7. Heavily trafficked retail corridor with strong global brand name tenants within 1 Mile
  8. Exposure to 58,500 VPD • S&P: BB+ (stable outlook)
Ares - Burlington - Ft. Lauderdale, FL 4_Property for Sale
Ares - Burlington - Ft. Lauderdale, FL 4_Property for Sale

Contact brokers

Ares - Burlington - Ft. Lauderdale, FL (0 Properties)

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Last updated
22 Jul 2025