Listed by Ripco Real Estate
$3,299,000
Perry Village Shops
Details
APN 25-04-07-04789-520
Property Type Retail
Sub Type Shopping Center
Square Footage 11,500
Units 6
Cap Rate 6.9%
NOI $227,654
Occupancy 100%
Tenancy Multi
Brand/Tenant T-Mobile, Verizon Wireless
Lease Type NNN
Rent Bumps Yes
Price per SqFt $287
Year Built 2006
Year Renovated 2022
Buildings 1
Stories 1
Acreage 1.150
Zoning Commercial Intensive - City of Perry
Parking Spaces 55 spaces
Parking per 1,000 SqFt 4.78
Investment Type Stabilized
Ground Lease No
Walmart Shadow-Anchored Retail Center | NNN Leases with Minimal Landlord Responsibilities | FL
Marketing description
Perry Village Shops is a 100% occupied retail shopping center located at 1920 S Jefferson Street in Perry, Florida. The property is shadow-anchored by a Walmart Supercenter and sits on the signalized hard corner of Jefferson Street and W Madison Street, serving as the retail hub for the city of Perry and surrounding communities.
Investment highlights
- 100% occupied retail center with six tenants on NNN leases
- Four of the six tenants, or 72.9% of the GLA, are national brands
- Weighted average lease term remaining of just over 3.5 years
- Shadow-anchored by a Walmart Supercenter
- The roof was replaced in 2023 and has a 20-year warranty
- Half of the HVAC units were replaced in 2023
- The parking lot was repaved and restriped in 2022
- Located on Jefferson Street and an out-parcel to Walmart, the center at the retail hub for the city of Perry and surrounding communities
- The property is located on the signalized hard corner of Jefferson Street and W Madison Street, providing easy access to and from the center
Listing Contacts
Listed by Ripco Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$227,654.00
$18,971.17/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
Map
Zoning
CI CommercialSpecial CommercialCommercial Intensive
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View all 47 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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