1531 N Federal Hwy, Hollywood, FL 33020 For Sale

Less Than 1 Mile from the Heart of Hollywood | $1.5+ Billion in New Development

• The Property is located less than 1 mile south of downtown Hollywood and benefits from direct accessibility via Federal Highway, positioning it to capture spillover demand from the area’s accelerating redevelopment and northward expansion of residential, mixed-use, office, and retail locations.

• Downtown Hollywood is anchored by ArtsPark at Young Circle, a premier public destination featuring a 2,500-seat amphitheater and year-round community amenities that enhance the area’s live-work-play appeal.

• Nearly $1.5 billion in planned, under construction, and recently completed developments surround Young Circle, reinforcing long-term value creation.

Favorable Zoning | High Barriers to Entry | Potential Redevelopment Opportunity

• The 25-block stretch of Federal Highway between Young Circle and Sheridan Street exhibits very low commercial vacancy, underscoring strong demand and long-term appreciation potential.

• Recent redevelopment and land sales on Federal Highway within this area have sold at a land-price value of approximately $100 per square foot.

• The Property features generous FH-2 zoning, allowing a wide range of commercial and residential uses and providing redevelopment flexibility if the existing tenant does not renew.

• In addition, FH-2 zoning includes a 3.00 FAR which provides for a maximum building area of over 37,000 sq ft on the Property and the ability to go vertical 14 stories.

High Traffic Area | 32,570+ VPD | Proximity to Retail Synergies

• The Property is strategically located along North Federal Highway (US-1) with excellent visibility to over 32,570 vehicles per day and offers easy and convenient customer access to the Property via two (2) curb cuts.

• Federal Highway serves as a primary commuter and local access corridor for Hollywood and surrounding cities, offering a parallel alternative to Interstate 95, which is over 2 miles away.

• Other notable tenants in the area include Publix, Wells Fargo, Bank of America, WaWa, Chipotle, McDonalds, Walgreens, CVS, Starbucks, 7-Eleven and others.

Infill Location | 140,000+ Residents | $104,000+ Avg HH Income | Strong Daytime Population

• Surrounding residential communities include more than 23,800 residents within one mile and approximately 140,700 residents within three miles, with average household incomes exceeding $87,000 and $104,000, respectively.

• The area is further strengthened by a daytime population exceeding 82,000 employees within a three-mile radius, many of whom commute directly past the Property.

Recent 10.75-Year Lease Extension | Absolute NNN Lease |Major Tenant Investment & Commitment

• The Property benefits from an absolute NNN lease with no landlord obligations, scheduled 10% rent escalations every five years, and a corporate guarantee from Acreage Holdings.

• The Tenant recently executed a 10.75-year lease extension. While the Tenant continues to pay rent during construction, the new 10.75-year lease extension does not commence until receipt of the certificate of occupancy, providing for additional base term.

• Since the original lease commenced in March 2019, the Tenant has remained current on rent and is undergoing a $750,000 build-out at their own expense, which is expected to be completed in spring 2026.