2058-2076 US Highway 27 N
Sebring, FL 33870
Retail Property For Sale

Fundamental Investment & Location - Outparcel to Lowe’s Home Improvement in the heart of Sebring’s retail corridor - Two (2) points of access along Thunderbird Road as well as a proposed road just north of the subject property - Positioned along the east side US Highway 27 North, a 6-lane state highway that provides connectivity throughout Sebring and its neighboring communities - 2018 class “A” construction: masonry non-combustible infrastructure with a classic, clean-line façade - No state income tax in Florida - Nearby traffic generators: Home Depot, Walmart Supercenter, Publix, ALDI, Bed Bath & Beyond, Marshall’s, and Lakeshore Mall, a 489,000 square foot regional mall anchored by AMC Cinema 8 - Supportive demographics: 43,963 population in a 5-mile radius, which is projected to grow to 46,415 by 2022 - Sebring’s population has increased by 22.15% since 2000 - Sebring is the county seat of Highlands County, which has an estimated population of 103,476 Stable Tenant Lineup - 100% occupied by 3 national tenants: Kay Jewelers (3,500+ locations), Jersey Mike’s (1,200+ locations), and Mattress1One (300+ locations) - Ideal lease structure: all 10-year primary lease terms with 10% rent escalations in year 6 - Corporate guarantees from Mattress1One & Kay Jewelers - Jersey Mike’s, which is a franchisee, has a substantial net worth Barriers-to-Entry/Vibrant Trade Area - Sebring is surrounded by several state and national parks & lakes creating a barrier to entry (Lake Jackson, Highlands Hammock State Park, Lake Wales National Wildlife Refuge, Kissimmee Prairie Preserve State Park) - Jackson Lake, one of Sebring’s main attractions, covers 3,212 acres - Home to Sebring International Raceway, which hosts the “Twelve Hours of Sebring” as part of the prestigious American Le Mans series