Walmart Shadow Center with new roof | 2701 Clearlake Rd
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Walmart Shadow Center with new roof 2701 Clearlake Rd
12,885 SF 100% Leased Retail Building Cocoa, FL 32922 $3,838,993 ($298/SF) 5.52% Cap Rate
Investment Highlights
- 100% leased netleased investment
- New roof in 2020
- 5-mile Average Household Income of over $113,000
- Located at a lighted intersection with high visibility
- 5-mile population of over 78,000
- Shadow to Walmart Supersenter of over 2,000,000 Annual traffic per Placer.ai
Executive Summary
We are please to exclusively offer for sale this Walmart Shadow center a NNN leased investment property with Dollar Tree and AT&T as the long term tenants in Cocoa Florida.
Situated on the lighted intersection with over 22,000 average daily traffic and over 79,000 population in a 5-mile radius and average Houshold income of over $113,000.
Dollar Tree has been at this location since 2008 and showing their commitment to the site has new 10-year lease to 2031. AT&T has been at this location since 2014 and showing their commitment to the site has a new 3-year lease to 2027.
Property has a new roof in 2020 and all expenses are reimbursed by tenants making this an ideal netleased investment with corporate guarantee.
Situated on the lighted intersection with over 22,000 average daily traffic and over 79,000 population in a 5-mile radius and average Houshold income of over $113,000.
Dollar Tree has been at this location since 2008 and showing their commitment to the site has new 10-year lease to 2031. AT&T has been at this location since 2014 and showing their commitment to the site has a new 3-year lease to 2027.
Property has a new roof in 2020 and all expenses are reimbursed by tenants making this an ideal netleased investment with corporate guarantee.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
12,885 SF
Building Class
C
Year Built/Renovated
2009/2020
Price
$3,838,993
Price Per SF
$298
Cap Rate
5.52%
NOI
$211,954
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
COM - Commercial
Frontage
210 FT on Clearlake Road
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 24-36-18-77-00000.0-0003.00 | Improvements Assessment | $944,120 |
| Land Assessment | $390,620 | Total Assessment | $1,334,740 |
PROPERTY TAXES
Parcel Number
24-36-18-77-00000.0-0003.00
Land Assessment
$390,620
Improvements Assessment
$944,120
Total Assessment
$1,334,740
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Walmart Shadow Center with new roof | 2701 Clearlake Rd
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