1069 Military TrlHaverhill, FL 33409

Property Details for 1069 Military Trl

Year built

1965

Construction

CONCRETE

Lot size

1.25 AC

Property size (Sq ft)

9,590 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Strip malls

APN

22-42-43-25-01-000-0011

APU

22424325010000011

Description

This exceptional 10,000-square-foot shopping center, located at 1069 N Military Trl, Haverhill, FL 33409, presents a compelling investment opportunity. The property, built in 1965 and renovated in 2014, features a single, one-story building situated on a 0.98-acre lot. Currently boasting 100% occupancy with ten tenants under Net Lease agreements, the center generates a substantial Net Operating Income (NOI) of $257,000, representing a 5.04% cap rate. All leases are NNN, providing significant tenant responsibility for operating expenses, and include rent bumps. The remaining lease term averages 10 years, ensuring long-term stability and predictable cash flow. Recent improvements include a new roof coating with a 10-year warranty and a freshly painted building and resealed parking lot. Furthermore, a vacant lot is included, offering potential for future expansion or development. This fee-simple ownership opportunity is ideal for a 1031 exchange. The property's strong tenant mix, consistent occupancy history, and recent upgrades make it a highly attractive investment in the thriving Haverhill, Florida market. Several tenants also pay their own water bills. This well-maintained plaza has a history of zero vacancies. The asking price is $5,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,268,767

  6.5%

  $3,017,323

  7%

  $2,801,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,722,720

  Geo Method

  $6,722,720

• Alternative Use

  Use

  Valuation

  Residential

  $2,545,225

  Hospitality

  $2,331,412

  Educational

  $1,939,708

  Medical

  $2,006,417

  Retail

  $3,017,323

Location Insight

City

Haverhill

County

Palm Beach

State

Florida

Latitude

26.6933

Longitude

-80.1121

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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