For Sale
$7,450,000

995 Sebastian BlvdSebastian, FL 32958

High-Yield Grocery-Anchored Center

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 54,887 square foot retail center in Sebastian, Florida, presents a compelling investment opportunity. Anchored by a Winn-Dixie grocery store/pharmacy, a separate Winn-Dixie liquor store, and a Little Caesar's Pizzeria, the property boasts 100% occupancy with a strong tenant mix. The current lease terms include remaining options, providing long-term stability. Built in 1997, this single-story building sits on almost 8 acres and offers a 5.62% cap rate with a Net Operating Income (NOI) of $421,264. The property features an approved outparcel with preliminary city approval for a potential 10,000 square foot building. Located in a densely populated residential area, this center benefits from its integral role within the Sebastian community. Aldi's recent acquisition of Winn-Dixie and planned renovations further enhance the property's long-term value. The property is offered at $7,450,000 with a NNN lease structure and a remaining lease term of 5 years. This is a rare opportunity to acquire a high-performing, well-located retail center with significant upside potential. Additional information is available upon request.

Highlights

  • $7,450,000 Asking Price
  • 54,887 SF Retail Property in Sebastian, FL
  • NNN Lease, Multi-Tenant, 100% Occupancy
  • 5.62% Cap Rate, $421,264 NOI
  • Anchored by Winn-Dixie (with Aldi renovations planned) and includes a separate liquor store and Little Caesar's. 5-year remaining lease term with options.
  • 1-story, 1997-built building on ~8 acres with approved outparcel for up to 10,000 SF.

Property Details for 995 Sebastian Blvd

Property type
Retail properties
Square Feet
54,887 SF
Year Built
1997
Buildings
1
Stories
1

Location Insight

City
Sebastian
County
Indian River
State
Florida
Latitude
27.7790806
Longitude
-80.4956792
995 Sebastian Blvd, Sebastian, Florida

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995 Sebastian Blvd
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