Belk Ground Lease Retail
For Sale
Contact for pricing
270 Cypress Edge Drive, Palm Coast, FL 32164
Belk-occupied retail ground lease building constructed in 2007 on approximately seven acres near I-95/Palm Coast Parkway.
Property SizeContact for details
Days on Market123
Property Features for 270 Cypress Edge Drive
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap
(786) 522-7000
Listed By:
Kirk D. Olson · License #FL 3113669
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 10:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the sale of a corporate-guaranteed Belk ground lease retail building in Palm Coast, Florida. The property includes a 2007 construction building on approximately seven acres of land and is offered as a management-free, absolute-net ground lease.
The site is located just off the I-95 / Palm Coast Parkway exit within Palm Coast’s primary retail submarket. The property is adjacent to a 22,800 SF strip center also on the market, with tenants including Mattress Firm, Golf USA and Anytime Fitness, as well as Sakura Japanese Steakhouse.
Belk operates as a department store with 293 locations. Tenants have operated at the property for more than ten years, and Anytime Fitness recently added additional square footage. The strip center notes lease extensions for tenants comprising 80% of the center, while nearby retailers Lowe’s, Walmart and Home Depot own their buildings.
The site is located just off the I-95 / Palm Coast Parkway exit within Palm Coast’s primary retail submarket. The property is adjacent to a 22,800 SF strip center also on the market, with tenants including Mattress Firm, Golf USA and Anytime Fitness, as well as Sakura Japanese Steakhouse.
Belk operates as a department store with 293 locations. Tenants have operated at the property for more than ten years, and Anytime Fitness recently added additional square footage. The strip center notes lease extensions for tenants comprising 80% of the center, while nearby retailers Lowe’s, Walmart and Home Depot own their buildings.
Key Highlights
- Belk corporate‑guaranteed ground lease in Palm Coast with a 74,015 SF building on approx. 7 acres (constructed 2007)
- Located just off the I‑95 / Palm Coast Parkway exit in Palm Coast’s primary retail submarket
- Belk department store lease supports a long operating history; tenants in the adjacent strip center have operated for more than 10 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
311k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Home Improvements & Furnishings 24%
Shops & Services 20%
Dining 17%
Walmart
Superstores
107,842 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
38,882 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
33,689 visits/mo
0.2 miles
Shell
Shops & Services
32,244 visits/mo
0.5 miles
Dollar Tree
Shops & Services
21,174 visits/mo
0.2 miles
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Belk-occupied retail ground lease building constructed in 2007 on approximately seven acres near I-95/Palm Coast Parkway.
Where is this retail space located?
The property is located at 270 Cypress Edge Drive Palm Coast, FL.
What are key features of this property?
This property features: Belk corporate‑guaranteed ground lease in Palm Coast with a 74,015 SF building on approx. 7 acres (constructed 2007); Located just off the I‑95 / Palm Coast Parkway exit in Palm Coast’s primary retail submarket; Belk department store lease supports a long operating history; tenants in the adjacent strip center have operated for more than 10 years
