35967 Us Highway 27Haines City, FL 33844

Property Details for 35967 Us Highway 27

Year built

2021

Lot size

3.10 AC

Property size (Sq ft)

14,960 SF

Property type

Retail space

APN

272720749035000010

APU

272720749035000010

Description

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.

Location Insight

City

Haines City

County

Polk

State

Florida

Latitude

28.1223

Longitude

-81.6381

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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