Belle Terre Shoppes | 1475 Palm Coast Pky NW
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Belle Terre Shoppes 1475 Palm Coast Pky NW
13,600 SF 100% Leased Retail Building Palm Coast, FL 32137 $6,755,374 ($497/SF) 5.75% Cap Rate
Investment Highlights
- Shadow-Anchored by a Leading Grocery Giant
- NNN Leases
- Stable and Durable Tenancy Line-Up
- The Property features a brand new roof with a 15-year warranty.
Executive Summary
Equity, on behalf of Ownership as its Exclusive broker, is pleased to present the opportunity to acquire a 100% fee simple interest in a 10-tenant retail strip center located at 1475 Palm Coast Pkwy NW, Palm Coast, FL (the "Property"). The Property spans 13,600 square feet on a 1.72-acre parcel, strategically positioned as an outparcel to Publix along Palm Coast Pkwy NW. This offering presents qualified investors with the chance to own a well-established, internet-resistant retail center in a prime Palm Coast location.
Belle Terre Shoppes is fully leased to a diverse mix of national and regional tenants, including restaurants, beauty services, and retailers. The center is anchored by strong-performing tenants such as AT&T, Firehouse Subs, Hair Cuttery, and Pizza Hut. The remaining tenants are also thriving, offering a complementary range of services and products.
Belle Terre Shoppes is fully leased to a diverse mix of national and regional tenants, including restaurants, beauty services, and retailers. The center is anchored by strong-performing tenants such as AT&T, Firehouse Subs, Hair Cuttery, and Pizza Hut. The remaining tenants are also thriving, offering a complementary range of services and products.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,600 SF
Building Class
B
Year Built
2002
Price
$6,755,374
Price Per SF
$497
Cap Rate
5.75%
NOI
$388,434
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
1.72 AC
Zoning
COM-2
Parking
68 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 07-11-31-7025-000C1-0010 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $2,143,589 |
PROPERTY TAXES
Parcel Number
07-11-31-7025-000C1-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,143,589
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Belle Terre Shoppes | 1475 Palm Coast Pky NW
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