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2751 NW Mall Circle - Treasure Coast Square - Kohl's, Jensen Beach, FL

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2751 NW Mall Circle - Treasure Coast Square - Kohl's

Jensen Beach, FL 34957 - Port St Lucie Submarket

(883.8 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2007
Building Size:89,060 SF Land Area:9.79 AC (426,452 SF)
For Sale Price:$20,295,000 Price/SF:$227.88
Cap Rate:6.40 %
Parking:Free Surface spaces are available; Ratio of 7.08/1,000 SF Anchor Tenants:Kohl's
Features:Bus Line, Signage, Energy Star Labeled

Treasure Coast Shoppes is an outparcel of the Treasure Coast Square Mall located on US Hwy 1 - one of the busiest retail corridors in the state. Treasure Coast Shoppes will feature a major 96,000 SF Department Store (Lease Executed - Tenant Name Confidential) and an adjacent 4,800 SF of Retail Shop Space with spaces starting at 1,600 SF

This building was awarded an Energy Star label in 2015 for its operating efficiency.

Sale Notes:
This is a rare Kohl' s net leased offering in the Port St. Lucie area. There are over 12 years remaining in the initial 20 year lease. The lease calls for a 10% increase in rent in year 11 (2018) and scheduled 5% rental increases at each of the six 5 year options to renew. The asset is well situated at a major commercial thoroughfare, surrounded by major retailers including Target, CVS, Bed Bath & Beyond and Starbucks.
Jensen Beach is a census-designated place (CDP) in Martin County, Florida, United States. The population was 11,707 at the 2010 census. It is part of the Port St. Lucie, Florida Metropolitan Statistical Area.
Long Term Net Leased Offering
Scheduled Increases in Rent
S&P Rated BBB+ Investment Grade Credit - NYSE: KSS
Well Situated at Major Commercial Thoroughfare Surrounded by Major Retailers Including CVS, Target, Bed Bath & Beyond and Starbucks
Located in Florida, an Income Tax Free State

SVN The Kase Group
Jeff Bracco
(510) 388-4438

Jacob Abusharkh
(925) 231-1770

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