1920 S Jefferson St - Retail FOR SALE


Perry, FL 32348
$3,252,000 USD
407-304-7119
1920 S Jefferson St, Perry, FL for Sale
$3,252,000 USD
Retail - FOR SALE
1/5
null | 7% Cap Rate

1920 S Jefferson St
Perry, FL 32348


HIGHLIGHTS

  • 100% occupied retail center with six tenants on NNN leases
  • Four of the six tenants, or 72.9% of the GLA, are national brands
  • H&R Block has been at the center since its construction in 2008 and recently signed a lease renewal, showing a strong commitment to the site
  • Shadow-anchored by a Walmart Supercenter
  • The roof was replaced in 2023 and has a 20-year warranty
  • Half of the HVAC units were replaced in 2023

OVERVIEW

RIPCO Real Estate is pleased to offer for sale the Perry Village Shops, a 6-tenant, Walmart shadow-anchored retail center on S Jefferson Street in Perry, FL. Four of the six tenants at the center (72.9% of the Gross Leasable Area) consist of national brands such as T-Mobile, Cricket Wireless, H&R Block, and Verizon Wireless. Recently in 2023, the roof and half of the HVAC units were replaced, providing a new investor with minimal capital improvements on the horizon. The center is an outparcel to a Walmart Supercenter, with the next nearest Walmarts being over 40 miles away in Live Oak and Tallahassee, making this location a retail destination for the city of Perry and surrounding communities. Walmart recently renovated their store at the beginning of 2025, including a new parking lot surrounding the Perry Village Shops. Along S Jefferson Street where the asset is located, there is an AADT of 9,700 and just north of Butler Parkway which has an AADT of 13,100. This asset is an attractive investment opportunity for investors looking for a stabilized retail center with mostly national tenants, offering investors the unique opportunity to acquire a Walmart shadow-anchored center in Florida which rarely become available.

FOR SALE DETAILS

PRICE

$3,252,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perry Village Shops

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

CI

APN/PARCEL ID

25-04-07-04789-520

ASK ABOUT THIS PROPERTY

Nathan TimmonsRIPCO Real EstateMore Info
407-304-7119

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Nathan TimmonsRIPCO Real EstateMore Info
407-304-7119

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.