For Sale
$4,309,734

19580 Cochran BlvdPort Charlotte, FL 33948

Two-tenant, Net Leased Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail center in Port Charlotte, Florida, presents a compelling investment opportunity. The 5,000 square foot property boasts 100% occupancy with two strong national tenants: AFC Urgent Care and Kahwa Coffee. Both tenants are operating under long-term net leases, providing significant stability and predictable cash flow. The AFC lease features a 10-year term commencing May 15, 2024, with rent increases every five years. Kahwa Coffee's lease also spans 10 years, beginning on the same date, with annual rent escalations. The property's strategic location at a signalized entrance to a Home Depot and Kohl's anchored power center ensures high visibility and significant daily traffic exposure (over 18,000 vehicles). The center benefits from its proximity to other major retailers, including Publix, a new BJ's Wholesale Club, and numerous apartment complexes, creating a robust customer base. The property is situated on a 1.08-acre lot and features a single, one-story building constructed in 2024. The asking price is $4,309,734, representing a 5.65% cap rate and a price per square foot of $861.95. The strong tenant mix, favorable lease terms, and prime location make this a highly attractive investment opportunity in a growing Florida market. The Net Operating Income (NOI) is $243,500. Lease options include 4x5-year extensions for AFC and 2x5-year extensions for Kahwa. The property is offered fee simple.

Highlights

  • 100% occupied, 5,000 SF Class A retail center in Port Charlotte, FL, anchored by AFC Urgent Care and Kahwa Coffee.
  • Located at a signalized entrance to a Home Depot and Kohl's-anchored power center, adjacent to a new BJ's Wholesale Club, and near other major retailers including Publix.
  • Excellent location with strong brand synergy, situated near a new Zaxby's, Wendy's, McAlister's Deli, Firestone, and Advance Auto Parts.
  • Surrounded by numerous apartment complexes, creating a robust customer base.
  • Situated in Port Charlotte, FL (pop. 101,694), within the Sarasota-Bradenton-Punta Gorda MSA (pop. 891,411).
  • Nearby colleges and universities include Charlotte Technical College, The Academy, and Southern Technical College.

Property Details for 19580 Cochran Blvd

Property type
Lifestyle centers, Power centers
Square Feet
5,000 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
47,045 SF
Units
2

Location Insight

City
Port Charlotte
County
Charlotte
State
Florida
Latitude
27.013602
Longitude
-82.1337549
19580 Cochran Blvd, Port Charlotte, Florida

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19580 Cochran Blvd
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