Perry Village Shops 1920 S Jefferson St 11,500 SF 100% Leased Retail Building Perry, FL 32348 $3,252,000 ($282.78/SF) 7% Cap Rate

RIPCO Real Estate is pleased to offer for sale the Perry Village Shops, a 6-tenant, Walmart shadow-anchored retail center on S Jefferson Street in Perry, FL. Four of the six tenants at the center (72.9% of the Gross Leasable Area) consist of national brands such as T-Mobile, Cricket Wireless, H&R Block, and Verizon Wireless. Recently in 2023, the roof and half of the HVAC units were replaced, providing a new investor with minimal capital improvements on the horizon. The center is an outparcel to a Walmart Supercenter, with the next nearest Walmarts being over 40 miles away in Live Oak and Tallahassee, making this location a retail destination for the city of Perry and surrounding communities. Walmart recently renovated their store at the beginning of 2025, including a new parking lot surrounding the Perry Village Shops. Along S Jefferson Street where the asset is located, there is an AADT of 9,700 and just north of Butler Parkway which has an AADT of 13,100.
This asset is an attractive investment opportunity for investors looking for a stabilized retail center with mostly national tenants, offering investors the unique opportunity to acquire a Walmart shadow-anchored center in Florida which rarely become available.