2197 NW 11th Dr
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2197 NW 11th Dr
27,033 SF 77% Leased Retail Building Chiefland, FL 32626 $4,100,000 ($152/SF) 8.64% Cap Rate
Investment Highlights
- Central to a strong retail corridor
- Property is located in Levy County, a small town with a strong retail and business presence, serving as the primary commercial center in its region.
Executive Summary
Constant customer base: Suwannee Plaza is located adjacent to Southern Leisure; a 55+, landscaped RV Resort open year round. The resort boasts 492 sites that are 80% filled throughout the year as well as high-end outdoor living amenities.
Walmart shadow anchor: This shopping center is shadow anchored by Walmart Supercenter generating more traffic to-and-from the center. Other nearby tenants include Winn Dixie, Walgreens, CVS, Dunkin’, Burger King, Taco Bell, and SunState Federal Credit Union, placing Suwannee Plaza in an ideal retail corridor.
Highly visible location: Located on Young Boulevard with 20,000 vehicles passing daily with access at a signalized four-way intersection. Young Boulevard is the only retail corridor within a 10-mile radius of Suwannee Plaza, serving Levy, Dixie and Gilchrist counties.
Walmart shadow anchor: This shopping center is shadow anchored by Walmart Supercenter generating more traffic to-and-from the center. Other nearby tenants include Winn Dixie, Walgreens, CVS, Dunkin’, Burger King, Taco Bell, and SunState Federal Credit Union, placing Suwannee Plaza in an ideal retail corridor.
Highly visible location: Located on Young Boulevard with 20,000 vehicles passing daily with access at a signalized four-way intersection. Young Boulevard is the only retail corridor within a 10-mile radius of Suwannee Plaza, serving Levy, Dixie and Gilchrist counties.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
27,033 SF
Building Class
B
Year Built
1996
Price
$4,100,000
Price Per SF
$152
Cap Rate
8.64%
NOI
$354,150
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Land Acres
8.83 AC
Parking
172 Spaces (6.35 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 2157 | 3,680 SF | Retail | - | Now |
| 2169 | 2,450 SF | Retail | In-Line | Now |
2157
| Size |
| 3,680 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2169
| Size |
| 2,450 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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2157
| Size | 3,680 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
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2169
| Size | 2,450 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 07336-000-00 | Improvements Assessment | $1,693,729 |
| Land Assessment | $473,060 | Total Assessment | $2,166,789 |
PROPERTY TAXES
Parcel Number
07336-000-00
Land Assessment
$473,060
Improvements Assessment
$1,693,729
Total Assessment
$2,166,789
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Tim Farrell -
Nick Robinson -
Jonathan Hipp -
Richard Murphy -
Avison Young
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3D TOUR
PHOTOS
STREET VIEW
STREET
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2197 NW 11th Dr
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