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5834 FL-100
Palm Coast, FL 32164
Space Coast Credit Union | 5.50% CAP | 15-YR · Retail Property For Sale
Investment Highlights
- Space Coast Credit Union has grown to 67 branches and $9 Billion in assets making it one of the largest credit unions in FL
- Fee simple ownership of the building allows for depreciation boosting after tax returns
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
- Absolute Net Lease provides completely passive ownership and stable cash flow for absentee owner
- Flagler County is the 3rd fastest growing County in the state of FL with annual population growth of +/- 4%
- Located in between high volume retailers (Super Target, BJ's Wholesale Club), and new master-planned communities (2,000+ homes)
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Space Coast Credit Union subject to a 15 Year Absolute Net Lease with 10% rental increases every 5 years. Space Coast Credit Union opened for business in January.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,500 SF
Year Built
2026
Price
$4,409,000
Price Per SF
$1,763.60
Cap Rate
5.50%
NOI
$242,500
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 08-12-31-4946-00000-00A0 | Improvements Assessment | $0 |
| Land Assessment | $412,429 | Total Assessment | $412,429 |
Property Taxes
Parcel Number
08-12-31-4946-00000-00A0
Land Assessment
$412,429
Improvements Assessment
$0
Total Assessment
$412,429
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