2751 Mall Loop Jensen Beach, FL 34957

Property Details for 2751 Mall Loop

Year built

2007

Lot size

8.69 lot acres

Property size

89,060 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional single-tenant, net-lease retail property, located at 2751 NW Mall Loop in Jensen Beach, Florida, offers a compelling investment opportunity. The 89,060-square-foot building sits on an 8.69-acre lot and is 100% occupied by a Kohl's and Sephora, boasting a strong financial performance. Built in 2007, the property features a recently extended lease with Kohl's, ensuring a long-term commitment until June 30, 2034, with six 5-year renewal options. The lease commenced February 8, 2007, and the current asking price is $16,285,000, representing a 7.30% cap rate and a net operating income (NOI) of $1,188,000. The property benefits from its prime location in a thriving retail corridor, just 40 miles north of West Palm Beach, within a high-income demographic area experiencing substantial year-over-year growth. The property's strong tenant mix, coupled with a brand-new HVAC system, makes this a highly desirable investment. The property's location is further enhanced by a nearby luxury multi-family development, indicating continued growth and stability in the area. The property features one single-story building and is identified by APN 19-37-41-005-006-00000-8. This fee-simple ownership opportunity presents a rare chance to acquire a high-performing retail asset in a rapidly growing market.