Property summary
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.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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