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Prime Shopping Outparcels (Investment Deal) 2670-2860 NW Federal Hwy 119,538 SF 100% Leased Retail Building Jensen Beach, FL 34994 $34,000,000 ($284.43/SF) 6.07% Cap Rate
Investment Highlights
- Shopping Center located on high traffic area on Federal Hwy.
- 100% Occupied with only future upside. Annual increase.
- National Tenants, long standing leases, all triple net.
Executive Summary
This is a great opportunity to buy a triple net investment with long standing national tenants.
Located along U.S. Route 1 with over 61,000 vehicles passing daily, this property benefits from strong visibility and heavy consumer traffic.
Surrounded by top national retailers like Target, Best Buy, Home Depot, McDonald's and Publix, it anchors a thriving retail corridor.
This Kohl’s location is among the retailer’s top performers, chosen to host a Sephora shop in 2020 as part of a strategic initiative.
The addition of Sephora has significantly increased customer traffic and revenue at this location. With Sephora’s sales projected to exceed $2 billion by 2025.
Located along U.S. Route 1 with over 61,000 vehicles passing daily, this property benefits from strong visibility and heavy consumer traffic.
Surrounded by top national retailers like Target, Best Buy, Home Depot, McDonald's and Publix, it anchors a thriving retail corridor.
This Kohl’s location is among the retailer’s top performers, chosen to host a Sephora shop in 2020 as part of a strategic initiative.
The addition of Sephora has significantly increased customer traffic and revenue at this location. With Sephora’s sales projected to exceed $2 billion by 2025.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
119,538 SF
Building Class
B
Year Built/Renovated
2001/2019
Price
$34,000,000
Price Per SF
$284.43
Cap Rate
6.07%
NOI
$2,062,707
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
12.19 AC
Zoning
GC - General Commercial
Parking
532 Spaces (4.45 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,214,490 | |
| Land Assessment | $4,484,930 | Total Assessment | $15,699,420 |
Property Taxes
Parcel Numbers
Land Assessment
$4,484,930
Improvements Assessment
$11,214,490
Total Assessment
$15,699,420
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Map
Contact the Sale Advisor
Prime Shopping Outparcels (Investment Deal) | 2670-2860 NW Federal Hwy