Property details

Retail Center, Southeast Region

Property Description

Retail Center consisting of a high visibility strip center located on a main arterial six-laned highway. The center sits on a corner retail site and has 660± Ft. of road frontage on a makor Boulevard and 200± Ft. on a major Avenue. The retail center is 100% occupied at market rents. Recent retail lease signings leave significant upside in rents as market rents have adjusted lower from recent market peaks. Anchors to the center include: A County Government, Tax Collector, A Fitness tent, and Beef O’Bradys.

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Vacant Shopping Center

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Highlights

Status:
Available
Price:
$6,400,000
PSF:
$226
Cap Rate:
7.00%
Annual Rent:
$448,944
Rent Increases:
None
 

Property Information

Building Size:
28,300 sq.ft.
Property Type:
Shopping Center
Industry Type:
Retail
Units/Spaces:
6
Land Area:
3.36 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.