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Cantonment Square 470 S Highway 29 40,120 SF 100% Leased Retail Building Cantonment, FL 32533 $4,500,000 ($112.16/SF) 6.88% Cap Rate
Investment Highlights
- 35,000 Average Daily Traffic count with curb cuts!!
- Outparcels can be added for more revenue!!!
- Long Term NNN Leases in place!!!
Executive Summary
An exceptional opportunity awaits at 470 S Highway 29 in Cantonment, FL! This strip center is situated within the bustling Cantonment area! With a strategic location offering 400 feet of frontage on Highway 29, a dedicated turn lane, 2 entrances and median cut!!! The property ensures high visibility and accessibility, attracting a substantial daily traffic count of approximately 37,000 vehicles.
This center is 100% leased with leases being NNN and recently renewed!!!
This center is 100% leased with leases being NNN and recently renewed!!!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
40,120 SF
Building Class
B
Year Built/Renovated
1985/2005
Price
$4,500,000
Price Per SF
$112.16
Cap Rate
6.88%
NOI
$309,552
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
3.98 AC
Zoning
HC/LI - HC/LI - Heavy Commercial-Light Industrial Zoning allows a variety of uses.
Parking
165 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
400’ on Highway 29
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Enclosed Mall
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-1N-31-1005-003-001 | Improvements Assessment | $2,090,785 |
| Land Assessment | $398,000 | Total Assessment | $2,488,785 |
Property Taxes
Parcel Number
14-1N-31-1005-003-001
Land Assessment
$398,000
Improvements Assessment
$2,090,785
Total Assessment
$2,488,785
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Cantonment Square | 470 S Highway 29
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