For Sale
$7,450,000

995 Sebastian Blvd Sebastian, FL 32958

High-Yield Grocery-Anchored Center

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Retail property - High-Yield Grocery-Anchored Center
Where is the retail property located?
The property is located at 995 Sebastian Blvd Sebastian, FL.
What is the asking price?
The asking price for this property is $7,450,000.
What are key features of this property?
This property features: $7,450,000 Asking Price; 54,887 SF Retail Property in Sebastian, FL; NNN Lease, Multi-Tenant, 100% Occupancy
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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995 Sebastian Blvd
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