2670-2860 NW Federal Hwy - Storefront FOR SALE


Jensen Beach, FL 34994
$34,000,000 USD
561-945-7772
2670-2860 NW Federal Hwy, Jensen Beach, FL for Sale
$34,000,000 USD
Storefront - FOR SALE
1/7
null | 6.07% Cap Rate

2670-2860 NW Federal Hwy
Jensen Beach, FL 34994


HIGHLIGHTS

  • Shopping Center located on high traffic area on Federal Hwy.
  • National Tenants, long standing leases, all triple net.
  • 100% Occupied with only future upside. Annual increase.

OVERVIEW

This is a great opportunity to buy a triple net investment with long standing national tenants. Located along U.S. Route 1 with over 61,000 vehicles passing daily, this property benefits from strong visibility and heavy consumer traffic. Surrounded by top national retailers like Target, Best Buy, Home Depot, McDonald's and Publix, it anchors a thriving retail corridor. This Kohl’s location is among the retailer’s top performers, chosen to host a Sephora shop in 2020 as part of a strategic initiative. The addition of Sephora has significantly increased customer traffic and revenue at this location. With Sephora’s sales projected to exceed $2 billion by 2025.

FOR SALE DETAILS

PRICE

$34,000,000 USD

PRICE/SF

$1,957 USD /SF

CAP RATE

6.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Shopping Outparcels (Investment Deal)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

532

LAND DETAILS

LAND ACRES

12.19 AC

LAND SF

530,996 SF

ZONING

GC

APN/PARCEL ID

19-37-41-000-000-00500-1,19-37-41-005-006-00000-8

ASK ABOUT THIS PROPERTY

Joseph ScarfoneONE Investment GroupMore Info
561-945-7772

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Joseph ScarfoneONE Investment GroupMore Info
561-945-7772

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