2751 NW Mall Cir - Department Store FOR SALE


Jensen Beach, FL 34957
$16,285,000 USD
831-685-9300
2751 NW Mall Cir, Jensen Beach, FL for Sale
$16,285,000 USD
Department Store - FOR SALE
1/11
null | 7.3% Cap Rate

2751 NW Mall Cir
Jensen Beach, FL 34957


HIGHLIGHTS

  • Outparcel to Simon Treasure Coast Square Mall
  • NNN Lease - Minimal Landlord Responsibilities
  • Rent Increases Every 5 years
  • High volume Traffic Area - Located on the West side of U.S. Hwy 1
  • Average Household Income: $107,371 (1 mile radius)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$16,285,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kohl's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

8.73 AC

LAND SF

380,072 SF

ZONING

PUD-C

APN/PARCEL ID

19-37-41-005-006-00000-8

ASK ABOUT THIS PROPERTY

Anna SurberSAR EnterprisesMore Info
831-685-9300

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Anna SurberSAR EnterprisesMore Info
831-685-9300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.