Sebring Shoppes - LoopNet · 2019. 11. 15. · the Milano–Glickman Retail Team and Executive...
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US Highway 27 N | 41,000 AADT SITE Mike Milano, CCIM, MAI and Sean Glickman, CCIM, with the Milano–Glickman Retail Team and Executive Managing Directors at Colliers International are proud to offer for sale the Sebring Shoppes, a newly constructed 6,600 SF NNN retail strip center. The property is 100% occupied by three (3) national/ regional tenants that feature ten (10) year NNN leases. This is a great opportunity to acquire a well-located asset that produces a stable income stream from three credit-worthy tenants. Sebring Shoppes 2058-2076 US Highway 27 N Sebring, FL 33870 INVESTMENT HIGHLIGHTS > Outparcel to Lowe’s Home Improvement. > Close proximity to the Lakeshore Mall, a 495,972 SF enclosed mall. > Adjacent to a 236,098 SF power center, Sebring’s dominant retail destination. > US Hwy 27 is the main north/south roadway in Sebring and a majority of the national retailers center around this road. > Excellent Lineup of National/Regional Credit-Worthy Tenants > Quality new construction with little to no expected capital expenditures within the first few years of ownership. > All tenants have ten (10) year leases with ten percent (10%) increases every five (5) years. > All leases are structured as triple net (NNN) so there is minimal expense slippage for the new owner. > Passive investment that requires minimal landlord obligations. COLLIERS INTERNATIONAL 255 S. Orange Ave., Suite 1300 Orlando, FL 32801 407 843 1723 www.colliers.com PRICING SUMMARY NOI $215,803 Cap Rate 8.00% Price $2,700,000
Transcript of Sebring Shoppes - LoopNet · 2019. 11. 15. · the Milano–Glickman Retail Team and Executive...
US Highway 27 N | 41,000 AADT
SITE
Mike Milano, CCIM, MAI and Sean Glickman, CCIM, with
the Milano–Glickman Retail Team and Executive
Managing Directors at Colliers International are proud
to offer for sale the Sebring Shoppes, a newly
constructed 6,600 SF NNN retail strip center. The
property is 100% occupied by three (3) national/
regional tenants that feature ten (10) year NNN leases.
This is a great opportunity to acquire a well-located
asset that produces a stable income stream from three
credit-worthy tenants.
Sebring Shoppes2058-2076 US Highway 27 NSebring, FL 33870
INVESTMENT HIGHLIGHTS > Outparcel to Lowe’s Home Improvement.
> Close proximity to the Lakeshore Mall, a 495,972 SF enclosed mall.
> Adjacent to a 236,098 SF power center, Sebring’s dominant retail destination.
> US Hwy 27 is the main north/south roadway in Sebring and a majority of the national retailers center around this road.
> Excellent Lineup of National/Regional Credit-Worthy Tenants
> Quality new construction with little to no expected capital expenditures within the first few years of ownership.
> All tenants have ten (10) year leases with ten percent (10%) increases every five (5) years.
> All leases are structured as triple net (NNN) so there is minimal expense slippage for the new owner.
> Passive investment that requires minimal landlord obligations.
COLLIERS INTERNATIONAL255 S. Orange Ave., Suite 1300Orlando, FL 32801407 843 1723www.colliers.com
PRICING SUMMARYNOI $215,803Cap Rate 8.00%Price $2,700,000
COLLIERS INTERNATIONAL255 S. Orange Ave., Suite 1300Orlando, FL 32801407 843 1723www.colliers.com
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.
SITE PLAN
CONTACT US
CHRIS SMITH407 362 [email protected]
BRANDON RAPONE407 362 [email protected]
SEAN GLICKMAN, [email protected]
MIKE MILANO, CCIM, [email protected]
PROPERTY OVERVIEW
Location 2058-2076 US 27 NorthSebring, FL 33870
GLA 6,600 SF
Occupancy 100%
Lot Size 0.96± Acres
Year Built/Renovated 2018
Units Three (3)
Traffic Counts US 27 North 41,000± VPD
Key TenantsMattress One Kay JewelersJersey Mike’s
3,200 SF2,200 SF1,200 SF
