801 Walnut St Starke, FL 32091-4401

This exceptional 79,623-square-foot shopping center in Starke, Florida, presents a compelling investment opportunity. Boasting a 94.35% occupancy rate, the property is anchored by a strong mix of national and regional tenants including T.J. Maxx, Five Below, Dollar General, Harbor Freight Tools, and Farmers Furniture. Recent capital improvements totaling approximately $1.5 million have significantly enhanced the center, resulting in a dramatic increase in foot traffic—from 336,800 visits in 2021 to 755,500 in 2024. Strategically located between Gainesville and Jacksonville, this center benefits from access to multiple markets within a 30-minute drive, making it a highly desirable retail destination. Its proximity to Camp Blanding, a major National Guard training site, and numerous residential complexes and educational institutions, including Santa Fe College and North Florida Technical College, further strengthens its appeal. The property features a fee-simple ownership structure, a triple-net (NNN) lease type, and sits on a 6.53-acre lot. Built in 1974 and renovated in 2023, the center is zoned B-3: Highway Commercial District. The asking price is $4,950,000, representing a pro-forma cap rate of 7.36% and a pro-forma NOI of $364,188. This seven-unit shopping center offers a stable income stream and significant growth potential in a thriving Florida market. The property's strong tenant mix, recent improvements, and prime location make it an ideal addition to any investment portfolio.