Palmetto Pointe

Asset Type

Retail

Address
3991 S Clyde Morris BLVD Port Orange, FL United States 32129
Asking Price

S$4,583,000

Sq Footage

9,594

Year Built

2016

Cap Rate

7.00%

Additional Attributes

Property Description

Palmetto Pointe is a Walmart Neighborhood Market shadow-anchored shopping center that was constructed in 2016. The property contains 9,594 square feet of gross leasable area comprised of a single building of inline retail tenant spaces located on approximately 1.67 acres.

Property NamePalmetto Pointe
Address3801-3991 S Clyde Morris Boulevard, Port Orange, FL 32129
Anchor TenantWalmart Neighborhood Market (Shadow)
Building Square Footage+/- 1.67
Leased72.4% (100% with Master Lease)
Year Built2016
Traffic CountCombined Traffic Count: 30,000 VPD; S Clyde Morris Boulevard: 27,500 VPD; Madeline Avenue: 2,500 VPD
Asking Price$3,345,000
NOI$234,000
Cap Rate7.00%
DebtOffered free and clear of existing debt



Investment Highlights

Investment Highlights

  • High-volume, Walmart Neighborhood Market shadow-anchored
  • High quality new construction, delivered 2016
  • Excellent cash flow backed by strong tenancy
  • Internet-resistant tenancy
  • Growing, tailored demographics


Listing Contacts
Tarik Bateh
Tarik Bateh
SVP, Capital Markets
+65 3159 4021
FL - BK3138578
John Krzyminski
John Krzyminski
Senior Vice President, Capital Markets
FL - 3318570
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