Palmetto Pointe | High Quality, New Construction Neighborhood Shopping Center

3801-3991 S Clyde Morris Boulevard, Port Orange, FL

$3,345,000

Price

7%

Cap Rate

$234,000

NOI

Overview
Cap Rate
7%
NOI
$234,000
Building Size
9,594 sqft
Lot Area
1.67 acres
Occupancy
72.4%
Year Built
2016
Description

JLL Capital Markets, Florida has been exclusively retained to arrange the sale of Palmetto Pointe, a 9,594 square foot Class A, Walmart Neighborhood Market shadow-anchored neighborhood shopping center in fast growing Port Orange, Florida (the “Property”). Located at the hard corner, signalized intersection of Clyde Morris Boulevard and Madeline Avenue, the Property benefits from strong traffic counts of 30,000 vehicles per day and a growing base of workforce housing, with a population of 62,600 residents within 3 miles. Palmetto Pointe presents a compelling investment opportunity to acquire a newly built, high quality shopping center adjacent to a high-volume Walmart Neighborhood Market in a fast growing, coastal Florida community.

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
Documents
Title
Confidentiality Agreement
Offering Memorandum
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Location
Gallery