Nova Shoppes Strip Center - For Sale

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 1905644
Property Subtypes: Community Center, Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 22,085 SF
Gross Building Area: See Agent
Gross Land Area: 1.93 Acres
Sale Price: $4,200,000
Unit Price: $190.17 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.84%
Last Updated: 4/12/2017

Overview / Comments

The subject property built in 2006 is a 22,085 square foot one story Retail Center in the heart of Ormond Beach, Florida.
The Nova Shoppes offers an investor a rare opportunity to buy a first class center.
The Property includes 1.93 +/- Acres with 381+/- feet on Nova Road. The property is within four miles of Interstate 95. Approximately 112 parking spaces.
All of the tenants are on NNN leases with full pass throughs of property taxes, insurance and CAM expenses on a pro-rata basis.

Located on the east side of Nova Road just south of Granada Boulevard.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 4221-01-05-02000
Zoning: PBD
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Granada Boulevard
Feet of Frontage: 381
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2006


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,986 48,146 96,641
Median Age: 51.61 48.77 45.98
Households: 2,873 22,127 43,395

Contact

Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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