For Sale
$5,944,000

35967 Us Highway 27 Haines City, FL 33844

Six-tenant, NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fully occupied, six-tenant retail center totaling 22,641 square feet on a 3.1-acre parcel in Haines City, Florida. Located at 35967 US Hwy 27, this property boasts a prime location with high visibility and traffic counts averaging 57,500 vehicles per day. The center is anchored by Harbor Freight and benefits from a strong tenant mix. Each of the six tenants has a lease with either a 3% annual rent increase or a 10% increase every five years, ensuring consistent income growth. Furthermore, each lease includes at least one five-year option period. The property features 141 parking spaces and is zoned CG. Built in 2021, this single-story building offers a low-management, fee-simple ownership structure with a net operating income (NOI) of $356,668 and a 6.00% cap rate. The asking price is $5,944,000. The property benefits from its location within a rapidly growing area, with new residential developments adding thousands of homes nearby, including a Publix-anchored shopping center currently under construction. The surrounding area also features numerous national credit tenants, further enhancing the property's value and long-term potential. This is a passive investment opportunity with full pass-through expenses and the advantage of Florida's no-state-income-tax environment.

Highlights

  • 100% occupied, six-tenant building.
  • Leases feature annual 3% or 5-year 10% rental increases, with at least one 5-year option period remaining.
  • High-traffic location on US Hwy 27 (57,500 VPD), anchored by Harbor Freight, with nearby national credit tenants. New residential development adding significant population growth.
  • NNN leases with fee simple ownership (land & building), offering a low-management, passive investment opportunity in a state with no state income tax.

Property Details for 35967 Us Highway 27

Property type
Retail properties, Retail space
Year Built
2021
Stories
1
Lot Size (sq. ft)
135,036 SF
Units
1

Location Insight

City
Haines City
County
Polk
State
Florida
Latitude
28.1221847
Longitude
-81.6375212

FAQs

What type of property is this?
Retail property - Six-tenant, NNN retail investment.
Where is the retail property located?
The property is located at 35967 Us Highway 27 Haines City, FL.
What is the asking price?
The asking price for this property is $5,944,000.
What are key features of this property?
This property features: 100% occupied, six-tenant building.; Leases feature annual 3% or 5-year 10% rental increases, with at least one 5-year option period remaining.; High-traffic location on US Hwy 27 (57,500 VPD), anchored by Harbor Freight, with nearby national credit tenants. New residential development adding significant population growth.
How can I contact the broker?
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35967 Us Highway 27
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