Kohl's | 2751 NW Mall Cir
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Kohl's 2751 NW Mall Cir
89,060 SF Retail Building Jensen Beach, FL 34957 $16,285,000 ($183/SF) 7.30% Cap Rate
Investment Highlights
- Outparcel to Simon Treasure Coast Square Mall
- Rent Increases Every 5 years
- Average Household Income: $107,371 (1 mile radius)
- NNN Lease - Minimal Landlord Responsibilities
- High volume Traffic Area - Located on the West side of U.S. Hwy 1
Executive Summary
SAR Enterprises is pleased to present the opportunity to acquire the 89,000 SF Kohl's + Sephora located at 2751 NW Mall Loop in Jensen Beach, Florida.
The offering includes a Corporate Guaranteed Double Net (NN) Investment with 10+ years remaining on the lease and minimal landlord responsibilities, providing for highly secure investment.
Kohl’s Corporation is an American department store retail chain. Currently, Kohl’s has more than 1,100 stores in 49 states. The company is headquartered in the Milwaukee suburb of Menomonee Falls, Wisconsin, and is listed on the S&P 500 and the Fortune 500.
Kohl’s sells moderately priced brand name and private label apparel, shoes, accessories, and household items. Kohl’s also partners with Sephora, a multinational retailer that sells beauty and personal care products, including cosmetics, skincare, fragrance, hair care and more. The partnership has been attracting new, younger, and more diverse customers and has shown strong success to date.
The offering includes a Corporate Guaranteed Double Net (NN) Investment with 10+ years remaining on the lease and minimal landlord responsibilities, providing for highly secure investment.
Kohl’s Corporation is an American department store retail chain. Currently, Kohl’s has more than 1,100 stores in 49 states. The company is headquartered in the Milwaukee suburb of Menomonee Falls, Wisconsin, and is listed on the S&P 500 and the Fortune 500.
Kohl’s sells moderately priced brand name and private label apparel, shoes, accessories, and household items. Kohl’s also partners with Sephora, a multinational retailer that sells beauty and personal care products, including cosmetics, skincare, fragrance, hair care and more. The partnership has been attracting new, younger, and more diverse customers and has shown strong success to date.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
89,060 SF
Building Class
B
Year Built
2007
Price
$16,285,000
Price Per SF
$183
Cap Rate
7.30%
NOI
$1,188,000
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
8.73 AC
Zoning
PUD-C
Parking
250 Spaces (7.08 Spaces per 1,000 SF Leased)
Frontage
638 FT on Northwest Mall Loop
Amenities
- Bus Line
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19-37-41-005-006-00000-8 | Improvements Assessment | $4,777,270 |
| Land Assessment | $7,232,830 | Total Assessment | $7,232,830 |
PROPERTY TAXES
Parcel Number
19-37-41-005-006-00000-8
Land Assessment
$7,232,830
Improvements Assessment
$4,777,270
Total Assessment
$7,232,830
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Kohl's | 2751 NW Mall Cir
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