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175 S Nova Road - Nova Shoppes - Nova Shoppes, Ormond Beach, FL

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DetailMap
175 S Nova Road - Nova Shoppes - Nova Shoppes

Ormond Beach, FL 32174 - Ormond Beach Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:2006
Building Size:22,052 SF Land Area:1.93 AC (84,071 SF)
% Leased:
For Sale Price:$4,200,000 Price/SF:$190.46
Cap Rate:7.39 %
Smallest Space:1,260 SF Largest Space:1,948 SF Total Space Avail:4,513 SF Rent/SF/Yr:
$14.00
Parking:Free Surface spaces are available; Ratio of 2.72/1,000 SF
Features:Pylon Sign


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,948 SF
$14.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,305 SF
$14.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,260 SF
$14.00/SF/Yr
Vacant
Negotiable
Medical
 
8287242
8364008
8529545
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,948 SF
$14.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,305 SF
$14.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,260 SF
$14.00/SF/Yr
Vacant
Negotiable
Medical
· Prime Ormond Beach Location
· Assumable Financing at 6.01% Percent
· 28,500 Daily Traffic Count
· Household Income Exceeds $57,000 within 3 Miles
· Within four miles to Interstate 95
· One-Story Building, 22,052 SF Retail
· Built 2006
· NNN Leases

The subject property built in 2006 is a 22,052
square foot one story Retail Center in the heart of
Ormond Beach, Florida. The Nova Shoppes offers
an investor a rare opportunity to buy a first class
center.

The Property includes 1.93 +/- Acres with 381+/-
feet on Nova Road. The property is within four miles
of Interstate 95. Approximately 112 parking spaces.

All of the tenants are on NNN leases with full pass
throughs of property taxes, insurance and CAM
expenses on a pro-rata basis.

The first mortgage is assumable with a fixed
interest rate of 6.01% and has assumption fee.

Sale Notes:
<http://transactexchange.com/ePackages/John%20Trost/Executive%20Summary%20For%20Sale%20Nova%20Shoppes.pdf>

Major Tenants incliude:

• Tokyo Japanese Steakhouse
• Firehouse Subs
• First Crush
• Shear Dimensions
• Emerald Nails
• Blau Mediterranean Grill

SVN Alliance Commercial Real Estate Advisors
John W Trost


SVN Alliance Commercial Real Estate Advisors
John W Trost



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