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Belle Terre Shoppes 1475 Palm Coast Pky NW 13,600 SF 100% Leased Retail Building Palm Coast, FL 32137 $6,786,000 ($498.97/SF) 6% Cap Rate
Investment Highlights
- Shadow Anchored by a High-Traffic Publix Grocery Store
- Minimal Landlord Responsibility with NNN Lease Structure
- Recent Capital Expenditures Completed
- 44% of the property’s GLA is leased to tenants with 20+ years of continuous occupancy, demonstrating a proven history of tenant retention.
Executive Summary
Equity has been selected to exclusively market for sale the fee simple interest in Belle Terre Shoppes, a 10-tenant retail strip center located in the heart of Palm Coast, FL (the “Property”). The Property spans 13,600 square feet on a 1.72-acre parcel, strategically positioned as an outparcel to Publix along Palm Coast Pkwy NW. This offering presents qualified investors with the chance to own a well established, internet-resistant retail center in a prime Palm Coast location.
Belle Terre Shoppes provides investors with steady, predictable cash flow supported by a diverse tenant mix. This balanced tenant roster minimizes concentration risk and ensures stable income across different economic cycles. Additionally, built-in rent escalations and high tenant retention foster long-term growth and potential upside.
Belle Terre Shoppes provides investors with steady, predictable cash flow supported by a diverse tenant mix. This balanced tenant roster minimizes concentration risk and ensures stable income across different economic cycles. Additionally, built-in rent escalations and high tenant retention foster long-term growth and potential upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,600 SF
Building Class
B
Year Built
2002
Price
$6,786,000
Price Per SF
$498.97
Cap Rate
6%
NOI
$407,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.72 AC
Zoning
COM-2
Parking
68 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-11-31-7025-000C1-0010 | Improvements Assessment | $2,410,000 |
| Land Assessment | $0 | Total Assessment | $2,410,000 |
Property Taxes
Parcel Number
07-11-31-7025-000C1-0010
Land Assessment
$0
Improvements Assessment
$2,410,000
Total Assessment
$2,410,000
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Belle Terre Shoppes | 1475 Palm Coast Pky NW
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