837 Walnut St Starke, FL 32091

Property Details for 837 Walnut St

Property size

84,782 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 84,782 square-foot shopping center in Starke, Florida, presents a compelling investment opportunity. Located at 837 S Walnut St, 32091, Bradford Square boasts a remarkable occupancy rate of 96%, achieved through strategic tenant acquisition and significant property improvements. The center is a single-story building currently housing a diverse mix of established national retailers including Harbor Freight, TJ Maxx, Five Below, Dollar General, and Farmers Home Furniture. These key tenants contribute to the center's strong financial performance and long-term stability. The ownership group has demonstrably enhanced the property's value, increasing occupancy from 31% to its current high level. This improvement was facilitated by the addition of several major tenants who have signed 10-year leases. Furthermore, substantial capital improvements have been made, encompassing roof replacement, parking lot resurfacing, and a complete electrical system upgrade throughout the plaza. This fully stabilized shopping center offers a rare opportunity to acquire a high-performing asset in a growing Florida market. The property's prime location and strong tenant roster make it an attractive investment for discerning buyers seeking consistent returns and long-term appreciation. The property's success is a testament to the strategic vision and effective management that has transformed it into a thriving retail destination.

Location Insight

City

Starke

County

Bradford

State

Florida

Longitude

-82.1132

Latitude

29.9372