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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.

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
20 FT on Palm Coast Pkwy NW

Nearby Major Retailers

Truist
Publix
Sonny"s Real Pit Bar B-Q
Chase Bank
Outback Steakhouse
Winn Dixie
Ameris Bank
Aldi
Steak 'n Shake
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-11-31-7025-000C1-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,143,589
  • Listing ID: 31054652

  • Date on Market: 2/26/2024

  • Last Updated:

  • Address: 1475 Palm Coast Pky NW, Palm Coast, FL 32137

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