The asset involved in the transaction is a 36,900 square foot retail space located at 328 Sugarland Highway, Clewiston. The property is leased under a NNN lease agreement, with an asking rent of $5 per square foot. The landlord of the property is B&B Corporate Holdings, and the lease is now secured by Presidente Supermarkets, which has taken over the former Big Lots location.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5/ft
• Square Footage: 36,900
• Address: 328 Sugarland Highway
• Market: Clewiston
• Landlord: B&B Corporate Holdings
• Tenant: Presidente Supermarkets
• Tenant's Representative: Luis Gonzalez & Neyda Bravo - Bravo & Partners Realty
• Lease Type: NNN Lease

Neyda Bravo and Luis Gonzalez from Bravo & Partners Realty represent Presidente Supermarkets in this significant expansion into Florida. This transaction marks a notable move for the supermarket chain as it occupies a previously vacant location, supporting its growth strategy in the region.