2197 Nw 11Th Dr Chiefland, FL 32626

Property Details for 2197 Nw 11Th Dr

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.13 lot acres

Property size

17,445 SF

Property type

Community centers

APN

733600000

APU

733600000

Description

This fee-simple, 26,735 square foot shopping center and storefront property in Chiefland, Florida, presents a compelling investment opportunity. Boasting 13 units with 77% occupancy and a Net Operating Income (NOI) of $354,150, this property offers an 8.64% cap rate at an asking price of $4,100,000. Built in 1996 on an 8.83-acre lot, the center benefits from its strategic location on Young Boulevard, a high-traffic retail corridor with approximately 20,000 vehicles passing daily. The property's prime location is further enhanced by its proximity to a large, well-occupied 55+ RV resort, providing a consistent customer base. This Walmart shadow-anchored center enjoys the spillover traffic from a nearby Walmart Supercenter and is situated in a strong retail environment alongside other established businesses including Winn Dixie, Walgreens, CVS, Dunkin', Burger King, Taco Bell, and SunState Federal Credit Union. The property is a single building, offering a multi-tenant net lease investment opportunity. This is a rare chance to acquire a well-positioned retail center in a thriving area serving Levy, Dixie, and Gilchrist counties. The property's strong tenant base and high visibility make it an attractive investment for those seeking a stable, income-producing asset.