x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Palm Coast Station, Palm Coast, FL

Palm Coast Station

Palm Coast, Florida

Price $4,642,000
Cap Rate 5.85%
NOI $271,530
Lease Term 10 Years
Lease Type Net Leases
Rental Increases Various
Year Built 2022
Building Size 7,915 SF
Lot Size 1.08 Acres
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT AMAZON-PROOF RETAIL ASSET
» 100% leased multi-tenant “Amazon-proof” asset
» Scheduled rental increases, providing a hedge against inflation
» 10-year leases with a strong guaranty to Tijuana Flats, Affordable Dentures & Implants, and Jeremiah’s Italian Ice
» Affordable Dentures & Implants is the largest network of dental providers in the U.S. with over 400 locations in 42 states
» Jeremiah’s Italian Ice opened eight new units in the first quarter of 2022 with a total of 45 anticipated to open in 2022

HARD-CORNER LOCATION WITH ACCESS TO OVER 37K DAILY VEHICLES
» Hard-corner location with excellent visibility and access to 37,374 vehicles per day at a signalized intersection with beneficial proximity to Interstate 95 (80,240 AADT)
» 60,506 residents within a five-mile radius (24% growth since 2010)
» $87,297 average annual household income (projected to increase 18% by 2027)
» Central location between Orlando (59.3 million visitors in 2021), and Jacksonville (954,614 population), the most populous city in Florida

PROMINENT LOCATION ACROSS FROM A LARGE HOSPITAL AND MAJOR COUNTY EMPLOYER
» Within walking distance to Madison Green Apartments (128 units), Tuscan Reserve Apartments (123 units), and Reserve at Brookhaven Apartments (134 units)
» Next to a Panera Bread and Chipotle and 1.7 miles from Palm Coast Landing, the retail hub of Flagler County
» Less than two miles from Flagler Executive Airport (KFIN) and Flagler Palm Coast High School (2,601 students) with proximity to several schools providing a large nearby student population of over 8,000
» Directly in front of Hilton Garden Inn (121 rooms) and across the street from AdventHealth Palm Coast Hospital (100 beds) and FPL Flagler Service Center, a leading Florida employer with 100 employees


Property Description

» Palm Coast Station is located on a hard-corner with excellent visibility and access to 37,374 vehicles per day at the signalized intersection, maintaining beneficial proximity to Interstate 95 (80,240 AADT), the main Interstate Highway of Florida’s Atlantic Coast
» The property is next to a Panera Bread and Chipotle, directly in front of Hilton Garden Inn (121 rooms) and across the street from AdventHealth Palm Coast Hospital (100 beds) and FPL Flagler Service Center, a leading Florida employer with 100 employees
» The site is less than two miles from Flagler Executive Airport (KFIN), Palm Coast Landing (the retail hub of Flagler County), and Flagler Palm Coast High School (2,601 students), with proximity to several schools providing a large nearby student population of over 8,000
» The property is within walking distance of Madison Green Apartments (128 units), Tuscan Reserve Apartments (123 units), and Reserve at Brookhaven Apartments (134 units), and is surrounded by many dense multi-family developments and senior assisted living buildings
» 60,506 residents (24% growth since 2010) with an average annual household income of $87,297 live within a five-mile radius
» The site is located centrally between Orlando, a popular tourist destination with 59.3 million visitors in 2021, and Jacksonville, the most populous city in Florida (954,614 population)

Contact Us About This Property

Vince & Ryan & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link